News & Insights | Peakstone Group – M&A Advisory | Middle Market Investment Banking

Update: Technology and Software M&A Update – March, 2021

March, 2021

For 2021 YTD, strategic buyers accounted for approximately 93% of Technology M&A transactions. During 2020, strategic buyers accounted for 93% of the transactions.

Select recent notable publicly announced M&A transactions:

– Cardlytics, Inc. (NasdaqGM:CDLX) signed an agreement to acquire DOSH Holdings, Inc. for approximately $270 million on February 26, 2021.

– iHeartMedia + Entertainment, Inc. entered into a share purchase agreement to acquire Triton Digital, Inc. from The E.W. Scripps Company (NasdaqGS:SSP) for $230 million on February 16, 2021.

– Confirmit AS agreed to acquire FocusVision Worldwide, Inc. from EQT Mid Market US managed by EQT Partners AB and others for approximately $370 million on January 7, 2021.

– Social Finance, Inc. signed a definitive agreement to acquire Galileo Financial Technologies, Inc. from Mercato Partners Growth II, L.P. managed by Mercato Partners and others for $1.2 billion on April 7, 2020.

– GoDaddy Inc. (NYSE:GDDY) entered into a definitive agreement to acquire Registry business of Neustar, Inc. for approximately $220 million on April 6, 2020.

Update: Food and Beverage M&A Update – March, 2021

March, 2021

For 2021 YTD, strategic buyers accounted for 89% of Food and Beverage M&A transactions. During 2019, strategic buyers accounted for 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– Lindsay Goldberg LLC entered into a definitive agreement to acquire ARYZTA North America from ARYZTA AG (SWX:ARYN) for enterprise value of $850 million on March 12, 2021.

– One Rock Capital Partners, LLC and Metropoulos & Co. entered into a definitive agreement to acquire Nestlé Waters North America Inc. from Nestlé S.A. (SWX:NESN) for $4.3 billion on February 16, 2021.

– Hormel Foods Corporation (NYSE:HRL) entered into a definitive agreement to acquire nuts business of The Kraft Heinz Company (NasdaqGS:KHC) for $3.4 billion on February 10, 2021. The purchase price is subject to customary adjustments.

– MGP Ingredients, Inc. (NasdaqGS:MGPI) entered into a definitive agreement to acquire Luxco, Inc. from lux family for approximately $500 million on January 22, 2021.

– American International Group, Inc. (NYSE:AIG) acquired an unknown stake in a Portfolio of Global Agricultural Holdings from Harvard Management Company, Inc. for $1 billion on October 8, 2020.

Peakstone Recognized as a Leading Middle Market Industrial Advisory Firm

February 2021. We are pleased to announce that Axial named Peakstone as one of Axial’s 2020 top Industrial M&A Advisors due to our successful efforts in advising and completing transactions for industrial businesses. 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 Recognized as Leading Middle Market Investment Bank for Q4

January 2021. We are pleased to announce that Axial named Peakstone the #3 lower middle market U.S. investment bank for Q4 2020. Axial league tables take into account three main characteristics: client-quality, buy-side targeting, and process effectiveness.

For the news release, please CLICK HERE.

About Peakstone

Peakstone exclusive advisor to Packaging By Design

December 2020. Peakstone served as exclusive financial advisor to Packaging By Design.

Peakstone Advises on Sale of Precision Machining Business

December 2020. Peakstone served as exclusive advisor to Dahlquist Machine, Inc. in its sale to CORE Industrial Partners’ portfolio company, Incodema Holdings LLC.

Founded in 1969, Dahlquist Machine is a privately-owned, Minnesota-based company primarily focused on the high-speed precision machining of light metals, aluminum, and plastic parts on a just-in-time basis.

“Dahlquist Machine is readily identified by its customers as a premium and often sole source supplier for high-mix CNC machining services across countless product platforms. In addition to the utmost attention to quality control, the Company has a superior record of on-time delivery over the past three decades. We view Dahlquist Machine as the foundation of a broader precision machining business for the Incodema platform, and we are eager to work with Jeff and the entire Dahlquist Machine team” said John May, Managing Partner of CORE.

Dahlquist’s President and CEO noted “We’re excited to become a part of the CORE IP and Incodema family. This will allow us to accelerate our growth efforts in North America and continue our commitment to outstanding customer service. Peakstone was an invaluable partner throughout the sale process and helped us achieve a great outcome for Dahlquist Machine, its employees, and our family.”

Press Release: Click Here

Terms of the transaction were not disclosed.

For additional information please contact:

Eric Dziedzic, Managing Director
312-346-7314
eric@peakstone.com

Nicholas Clementi, Managing Director
763-478-1777
nclementi@peakstone.com

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. To receive investment and proprietary acquisition opportunities, please register at www.peakZone.com.

Peakstone Recognized as a Leading Middle Market Consumer Advisory Firm

December 2020. We are pleased to announce that Axial named Peakstone as one of Axial’s 2020 top Consumer M&A Advisors due to our successful efforts in advising and capitalizing consumer industry businesses. CLICK HERE

Peakstone Publishes Industry Reports

November, 2020. Peakstone has published twelve industry reports, which can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client. We welcome a chance to open dialogue with companies in these sectors to exchange information and viewpoints. Continue reading →

Update: Aerospace and Defense Industry M&A Update – November, 2020

November, 2020

Peakstone publishes Aerospace and Defense industry report.

Peakstone served as exclusive financial advisor to Drake Waterfowl Systems

September 2020. Peakstone served as exclusive financial advisor to Drake Waterfowl Systems (“Drake”) on a financing transaction to support its continued growth.

Founded in 2002 and based in Olive Branch, MS, Drake is a leading developer, marketer, and distributor of branded hunting, fishing, outdoor, and casual wear products. The Company’s “head-to-toe” merchandising strategy presents retailers and consumers with a wide selection of hunting and fishing apparel, hard goods, and other products and a wide range of casual wear products. Drake has been a pioneer of approaching hunting apparel with pursuit-specific products and with holistic systems, leading to innovative proprietary designs that have engendered exceptional customer loyalty. For additional Company information, visit https://www.drakewaterfowl.com .

For additional information please contact the following:

Alex Allgood, Managing Director, 214-257-7817, aallgood@peakstonegroup.com

Alex Fridman, Managing Director, 312-346-7303, alex@peakstone.com

Jeff Temple, Managing Director, 312-346-7301, jtemple@peakstone.com