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.


Peakstone Advises Worldwide Terminals Fernandina, LLC on its sale to Transportation Infrastructure Partners

July, 2022. Peakstone served as exclusive financial advisor to Worldwide Terminals Fernandina, LLC (“WWTF”) on its 100% sale to Transportation Infrastructure Partners (“TIP”), a joint venture between Ridgewood Infrastructure, LLC and Savage. With the acquisition, TIP assumes the terminal operator role at the Port of Fernandina. The Port of Fernandina, northeast of Jacksonville, FL, is a strategic intermodal terminal handling essential bulk, breakbulk, and containerized cargo. The port provides mission-critical transport, logistics management, and product handling services to a diverse customer base.Ridgewood Infrastructure, a leading infrastructure investor in the U.S., and Savage, a global transportation and materials handling company, established Transportation Infrastructure Partners to jointly acquire and operate essential transportation and logistics infrastructure throughout the United States.For more information about the Port of Fernandina, visit www.portoffernandina.org“Fernandina’s deep-water port, storage facilities, and access to major rail and highway routes form the backbone of an essential infrastructure business,” said Ryan Stewart, Partner of Ridgewood Infrastructure. “Under Transportation Infrastructure Partners’ leadership, we see significant opportunities to expand and enhance Fernandina’s operations”Kirk Aubry, President and Chief Executive Officer of Savage, said: “Fernandina is a great addition to our joint-venture portfolio and strengthens the Savage network of nearly 50 ports and terminals. We’ll continue to focus on enhancing the Port’s well-deserved reputation for delivering critical supply chain services for current and future customers.”Terms of the transaction were not disclosed.For additional information please contact:

Eric Zampol, Managing Director, 415-706-1175, ezampol@peakstone.comStephen Sleigh, Managing Partner, 312-771-1471, ssleigh@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 Builders Source Inc. on its Sale Transaction

July, 2022. Peakstone served as exclusive M&A advisor to Builders Source Inc. in connection with its sale to a private acquirer.

Founded in 1993 and headquartered in Albuquerque, New Mexico, Builders Source is a leading U.S. distributor of home appliance and plumbing products that are sold primarily through showrooms in the Southwest. The Company has built a strong reputation amongst general contractors, architects, designers, and homeowners.

“Peakstone has a first-class team that conducted themselves professionally every step of the way. Their insight and guidance were invaluable to the successful outcome that was achieved. The teamwork was evident from the beginning. We could not be more pleased with the outcome”, said David Springer, Builders Source’s CEO.

For additional information please contact

Steve Royko, Managing Director, 608-236-4490, sroyko@peakstone.com

Jeff Milkie, Managing Director, 972-653-2944, jmilkie@peakstone.com

Noah Robles, Analyst, 305-494-2035, nrobles@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 Publishes Industry Reports

June, 2022. Peakstone’s industry reports can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client. Please contact us for additional information about our services.

Continue reading


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

June, 2022

In Q1 2022, the median transaction value in Transportation & Logistics was $173 million. In Q1 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– NTG Nordic Transport Group closed its acquisition of Aries Global Logistics for $105 million in March 2022.

– STG Logistics closed its acquisition of Intermodal Business of XPS Logistics in North America for $710 million in March 2022.

– KLN Investment closed its acquisition of Topocean Group for $240 million in February 2022.

– ID Logistics Group closed its acquisition of Kane Logistics for $240 million in February 2022.

– Covenant Logistics Group closed its acquisition of AAT Carriers for $55 million in February 2022


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

June, 2022

In Q1 2022, the median transaction value in Tech & Software was $50 million. In Q1 2022, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

– Sangoma Technologies Corporation closed its acquisition of NetFortris for $80 million in March 2022.

– Liberty Strategic Capital closed its acquisition of Zimperium for $525 million in March 2022.

– HP closed its acquisition of Plantronics for $3.5 billion in March 2022.

– SmartRent closed its acquisition of SightPlan for $135 million in March 2022.

– Netcore Cloud closed its acquisition of Unbxd for $100 million in March 2022.


Update: Pet M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Pet was $71 million. In Q1 2022, strategic buyers accounted for 83% of transactions.

Select recent notable publicly announced M&A transactions:

– 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.

– Nextmune closed its acquisition of GlobalOne Pet Products for $80 million in December 2021.