Update: Transportation and Logistics M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Transportation & Logistics was $105 million. In first half of 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Schenker closed its acquisition of USA Truck for $473 million in June 2022.

– Heartland Express closed its acquisition of Smith Transport for $170 million in June 2022.

– HG Vora Capital Management closed its acquisition of Ryder System for $4.1 billion in May 2022.

– Shopify closed its acquisition of Deliverr for $2.1 billion in May 2022.


Update: Technology and Software M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Tech & Software was $48 million. In first half of 2022, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

– SMART Global Holdings closed its acquisition of Stratus Technologies for $275 million in June 2022.

– Siemens Smart Infrastructure closed its acquisition of Brightly Software for $1.9 billion in June 2022.

– Hellman & Friedman; GIC; Abu Dhabi Investment Authority; Permira Advisers closed its acquisition of Zendesk for $10.9 billion in June 2022.

– Cornerstone OnDemand closed its acquisition of SumTotal Systems for $200 million in June 2022.

– Broadcom closed its acquisition of Vmware for $72.8 billion in May 2022.


Update: Pet M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Pet was $270 million. In first half of 2022, strategic buyers accounted for 84% of transactions.

Select recent notable publicly announced M&A transactions:

– Clayton, Dubilier & Rice; TPG Global closed its acquisition of Covetrus for $3.6 billion in May 2022.

– Swedencare closed its acquisition of The Garmon Corporation for $468 million in January 2022.

– Sentinel Real Estate Corporation closed its acquisition of Airdrie at Paoli Station for $71 million in January 2022.

– Manna Pro Products closed its acquisition of Oxbow Enterprises for $135 million in December 2021.

– Eurazeo & Cohesive Capital Management & Cherng Family Trust closed its acquisition of Beekman 1802 for $92 million in December 2021.


Update: Infrastructure M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Infrastructure was $59 million. In first half of 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Clearway Energy closed its acquisition of Portfolio of Operating Wind Projects for $415 million in June 2022.

– Earthstone Energy Holdings closed its acquisition of Oil and Gas Leases and Related Property of Titus I in the Northern Delaware Basin of New Mexico for $296 million in June 2022.

– Primoris Services Corporation closed its acquisition of PLH Group for $470 million in June 2022.

– KMF Land closed its acquisition of 12,200 NRAs in the Permian Basin for $224 million in June 2022.

– ProFrac Holdings closed its acquisition of SP Silica of Monahans/SP Silica Sales for $90 million in June 2022.


Update: Industrials and Manufacturing M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Industrials & Manufacturing was $34 million. In first half of 2022, strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

– Heritage-Crystal Clean closed its acquisition of Patriot Environmental Services for $156 million in June 2022.

– Primoris Services Corporation closed its acquisition of PLH Group for $470 million in March 2022.

– Fernweh Group closed its acquisition of AZZ Infrastructure Solutions Segment for $228 million in June 2022.

– Crisis24 closed its acquisition of Patriot Global Group/Patriot NYC for $69 million in June 2022.

– Wheel Pros closed its acquisition of TAP Automotive Holdings for $50 million in June 2022.


Update: Healthcare M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Healthcare was $55 million. In first half of 2022, strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

– Kennedy Lewis Investment Management closed its acquisition of Rapid Micro Biosystems for $170 million in June 2022.

– Evolent Health closed its acquisition of Implantable Provider Group for $462 million in June 2022.

– The Allure Group closed its acquisition of SUNY Upstate Medical Center in Bay Ridge for $160 million in June 2022.

– Ipsen Biopharmaceuticals closed its acquisition of Epizyme for $707 million in June 2022.

– Dr. Reddy’s Laboratories closed its acquisition of Product portfolio of Eton Pharmaceuticals for $50 million in June 2022.


Update: Food and Beverage M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Food & Beverage was $20 million. In first half of 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Mondelez International closed its acquisition of Clif Bar & Company for $2.9 billion in June 2022.

– Eagle Family Foods Group closed its acquisition of Helper Main Meals and Suddenly Salad Side Dishes Businesses for $610 million in May 2022.

– J&J Snack Foods closed its acquisition of the Dippin’ Dots for $222 million in May 2022.

– Cencosud closed its acquisition of The Fresh Market for $411 million in May 2022.

– Coca-Cola Consolidated closed its acquisition of Charlotte Production Facility for $60 million in May 2022.


Update: Consumer and Retail M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Consumer & Retail was $32 million. In first half of 2022, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– Myers Industries closed its acquisition of Assets of Mohawk Rubber Sales of New England for $26 million in June 2022.

– GoDigital Media Group closed its acquisition of Bob’s Stores/Eastern Mountain Sports for $70 million in May 2022.

– Liminex closed its acquisition of All Assets of TutorMe for $55 million in May 2022.

– CALIDA Holding closed its acquisition of Luemme for $80 million in May 2022.

– American Tire Distributors closed its acquisition of Assets under Tires Now Operations and Certain Assets under Internal Tire Distribution of Monro for $105 million in May 2022.


Update: Automotive M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Automotive was $40 million. In first half of 2022, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– Wheel Pros closed its acquisition of TAP Automotive Holdings for $50 million in June 2022.

– American Tire Distributors closed its acquisition of Assets under Tires Now Operations and Certain Assets under Internal Tire Distribution of Monro for $105 million in May 2022.

– An unknown buyer closed its acquisition of 20 Service Stations in Arkansas, Virginia and Kentucky for $89 million in May 2022.

– Renewable Energy Group closed its acquisition of Mel Dawson for $40 million in May 2022.

– Compagnie Plastic Omnium closed its acquisition of Varroc Lighting Systems for $632 million in April 2022.


Peakstone Ranked #1 Lower Middle Market Investment Bank by Axial

July 2022. We are pleased to announce that Axial named Peakstone the #1 lower middle market U.S. investment bank for the second quarter of 2022. Axial’s league tables take into account three main characteristics: client quality, buy-side targeting, and process effectiveness. Thanks to all of our clients and associates that made this possible.

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.