Update: Packaging M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Packaging was $170 million. For Q1 2024, strategic buyers accounted for 83% of transactions.

Select recent notable publicly announced M&A transactions:

–Capital Recovery Group announced its acquisition of Idled Wisconsin Rapids Mill and related assets of Billerud at an undisclosed value in March 2024.

–Think Better Group and NatWest Markets closed its acquisition of Klean Kanteen at an undisclosed value in February 2024.

–Clearwater Paper Corporation announced its acquisition of Paperboard manufacturing facility of Graphic Packaging Holding Company for $700 million in February 2024.

–Rapid Packaging closed its acquisition of Lawgix International at an undisclosed value in February 2024.

–BWAY Corporation closed its acquisition of all the assets of Consolidated Container Company for $56 million in February 2024.


Update: Infrastructure M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Infrastructure was $72 million. For Q1 2024, strategic buyers accounted for 87% of transactions.

Select recent notable publicly announced M&A transactions:

–RHI Magnesita announced its acquisition of Resco Products for $280 million in March 2024.

–EQT Corporation announced its acquisition of Equitrans Midstream Corporation for $14.4 billion in March 2024.

–Iberdrola announced its acquisition of Avangrid for $2.5 billion in March 2024.

–Orica Limited announced its acquisition of Cyanco Corporation for $640 million in February 2024.

–Apollo Global Management closed its acquisition of Energos Infrastructure Management for $136 million in February 2024.


Update: Industrials and Manufacturing M&A Update – July, 2024

July, 2024

For Q1 2024, the median transaction value in Industrials and Manufacturing was $38 million. For Q1 2024, strategic buyers accounted for 93% of transactions.

Select recentnotable publicly announced M&A transactions:

–The Home Depot announced its acquisition of SRS Distribution for $18.2 billion in March 2024.

–Diploma announced its acquisition of Peerless Aerospace Fastener for $300 million in March 2024.

–Middle Ground Management announced its acquisition of The L.S. Starrett Company for $136 million in March 2024.

–Lockheed Martin Corporation announced its acquisition of Terran Orbital Corporation for $329 million in March 2024.

–Titan International closed its acquisition of The Carlstar Group for $296 million in February 2024.


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.