Update: Healthcare M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in healthcare was $56 million. For Q1 2024, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–Ingersoll Rand announced its acquisition of ILC Dover for $2.4 billion in March 2024.

–AbbVie announced its acquisition of Landos Biopharma for $116 million in March 2024.

–Novartis AG closed its acquisition of IFM Due for $835 million in March 2024.

–Calyx Services announced its acquisition of Invicro for $130 million in March 2024.

–Haemonetics Corporation closed its acquisition of Advanced Cooling Therapy for $160 million in March 2024.

Update: Food and Beverage M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Food and Beverage was $31 million. For Q1 2024, strategic buyers accounted for 88% of transactions.

Select recent notable publicly announced M&A transactions:

–Sambazon closed its acquisition of SunOpta (Açaí and Smoothie Bowl Business) for $6 million in March 2024.

–PTF Holdings closed its acquisition of Progressive Produce Corporation for $120 million in February 2024.

–White River Soy Processing closed its acquisition of Benson Hill Ingredients for $72 million in February 2024.

–Easy Bio closed its acquisition of Devenish Nutrition for $66 million in February 2024.

–Our Home announced its acquisition of Utz Quality Foods (Certain assets and brands) for $183 million in January 2024.

Update: Digital Commerce M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Digital Commerce was $30 million. For Q1 2024, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

–FabFitFun closed its acquisition of PupBox at an undisclosed value in March 2024.

–Advanced Business Methods closed its acquisition of The Office Shop at an undisclosed value in March 2024.

–Razor Group GmbH closed its acquisition of Whele at an undisclosed value in March 2024.

–Shoe Carnival closed its acquisition of Rogan Shoes for $50 million in February 2024.

–Tiny closed its acquisition of Retail Store Networks for $9 million in January 2024.

Update: Consumer and Retail M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Consumer & Retail was $30 million. For Q1 2024, strategic buyers accounted for 89% of transactions.

Select recent notable publicly announced M&A transactions:

–KAC Investments closed its acquisition of Herbal Brands for $8 million in March 2024.

–MNC Capital Partners announced its acquisition of Vista Outdoor for $3.2 billion in March 2024.

–ARB Corporation Limited closed its acquisition of ORW USA for $5 million in February 2024.

–Walmart announced its acquisition of VIZIO Holding Corporation for $2.5 billion in February 2024.

–Shoe Carnival closed its acquisition of Rogan Shoes for $50 million in February 2024.

Update: Automotive M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Automotive was $34 million. For Q1 2024, the strategic buyers accounted for 98% of transactions.

Select recent notable publicly announced M&A transactions:

–Global Motor Trade Group announced its acquisition of Marshal Group for $1 million in March 2024.

–ARB Corporation Limited closed its acquisition of ORW USA for $5 million in February 2024.

–William Repny announced its acquisition of Workhorse Group (Indiana Manufacturing Facility) for $34 million in January 2024.

–Exro Technologies announced its acquisition of SEA Electric for $294 million in January 2024.

–Berkshire Hathaway closed its acquisition of Pilot Travel Centers for $2.6 billion in January 2024.

Robert Meyer joins Peakstone as Managing Director

July, 2024. Robert Meyer joins Peakstone as a Managing Director in Chicago, where he is responsible for transaction origination and execution. With over 20 years of investment banking and private equity experience, Robert has completed M&A and capital raising transactions totalling over $5 billion for middle market clients in industrial, consumer, business services and technology sectors.

Prior to joining Peakstone, Robert was a Managing Director in the Financial Sponsors group at Cowen. Previously, Robert was CFO for several software companies and Head of M&A for a publicly traded homebuilder. Earlier in his career, Robert was a senior member of the Industrials group at Lehman Brothers and Baird.

Robert received his BBA from The Ross School of Business at the University of Michigan and his MBA from The University of Chicago Booth School of Business.

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.

Peakstone served as exclusive financial advisor to MenuSys

July, 2024. Peakstone served as exclusive financial advisor to MenuSys.

Peakstone Recognized as Leading Lower Middle Market Industrials M&A Firm

June, 2024. We are pleased to announce that Axial named Peakstone as one of Axial’s 2024 Top Lower Middle Market Industrials M&A Advisors. For the news release and additional information, please CLICK HERE.

Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.

Peakstone served as exclusive financial advisor to Blue Ocean Partners, LLC

June, 2024. Peakstone served as exclusive financial advisor to Blue Ocean Partners, LLC (“Blue Ocean” or the “Company”) in connection with Blue Ocean’s acquisition of Majik Rent-To Own’s thirteen store locations. This event marks Blue Ocean’s fourth acquisition as the Company continues to execute its growth strategy.

Blue Ocean, based in Mountville, Pennsylvania, is a premier Rent-to-Own platform with a highly experienced management team with over 40 years of combined industry experience. The Company is actively seeking additional acquisitions in the Rent-to-Own sector.

Skyline Partners, LLC and Farragut Capital Partners, LLC provided debt and equity to support the transaction.

Blue Ocean CEO, William Short, said, “Peakstone’s unwavering commitment and perseverance throughout the process ensured that we found the ideal capital providers to support our strategy of pursuing additional acquisitions and new store growth. Our partnership with Skyline and Farragut provides Blue Ocean with substantial additional resources as we continue to expand our platform.”

Terms of the transaction were not disclosed.

For additional information please contact:

Eric Dziedzic, Managing Director, eric@peakstone.com

Michael Dobin, Analyst, mdobin@peakstone.com

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.

Peakstone Advises Timber Technologies LLC on its sale to Star Equity Holdings, Inc.

June, 2024. Peakstone served as exclusive M&A advisor to Timber Technologies LLC (“Timber Technologies” or the “Company”) in connection with its sale to Star Equity Holdings, Inc. (NASDAQ: STRR) (“Star Equity”), a publicly traded company. (Press release found here).

Timber Technologies, based in Colfax, Wisconsin, is a leading engineered wood products manufacturer specializing in glue-laminated products for post frame buildings. The Company provides timber products for the agriculture, industrial, infrastructure, and building construction (commercial and residential) industries.

Star Equity is a diversified holding company currently composed of two divisions: Building Solutions and Investments.  The Building Solutions division operates in three businesses including building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing.  Timber Technologies will add to Star Equity’s growth initiatives.

Timber Technologies co-owner, Dale Schiferl said, “A close friend of mine who had previous interactions with Peakstone on other deals, thought Peakstone would be a good fit to help sell our business. Peakstone was essential to completing this transaction. They executed on a well thought out strategy to sell Timber Technologies, provided great advice throughout, and guided the transaction to closing efficiently and smoothly.”

 

Terms of the transaction were not disclosed.

For additional information please contact:

Steve Royko, Managing Director, 608-770-1009, sroyko@peakstone.com

Michael Dobin, Analyst, 847-609-9492, mdobin@peakstone.com

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.