Update: Packaging M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Packaging climbed to $164 million. In Q1 2022, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– Intertape Polymer Group closed its acquisition of Substantially All of Operating Assets of Syfan Manufacturing for $18 million in March 2022.

– Durango Mckinley Paper Company closed its acquisition of Midwest Paper Group for $204 million in February 2022.

– SIG Group closed its acquisition of Scholle IPN Corporation for $1.8 billion in February 2022.

– Gulf Refined Packaging closed its acquisition of Flexible Packaging Joint Venture of Greif for $123 million in January 2022.

– Sonoco Products Company closed its acquisition of Ball Metalpack for $1.4 billion in December 2021.

Update: Infrastructure M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Infrastructure was $43 million. In Q1 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Schweitzer-Mauduit International closed its acquisition of Neenah for $1.2 billion in March 2022.

– Superior Plus Corp. 2017 closed its acquisition of Retail Propane Distribution and Refined Fuels Assets of Quarles Petroleum for $145 million in March 2022.

– EnCap Investments closed its acquisition of EP Energy Corporation for $1.4 billion in March 2022.

– Houston Natural Resources Corp. closed its acquisition of Cunningham Energy for $100 million in March 2022.

– Smyrna Ready Mix closed its acquisition of 23 concrete plants in North Carolina and Southwest Florida for $93 million in March 2022

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

June, 2022

In Q1 2022, the median transaction value in Industrials & Manufacturing was $34 million. In Q1 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Brookfield Business Partners & Evergreen Coast Capital Corp. closed its acquisition of Nielsen Holdings for $16.1 billion in March 2022.

– Sarcos Technology and Robotics Corporation closed its acquisition of RE2 for $100 million in March 2022.

– SES Government Solutions closed its acquisition of DRS Global Enterprise Solutions for $450 million in March 2022.

– Woodgrain closed its acquisition of Huttig Building Products for $403 million in March 2022.

– General Motors Company closed its acquisition of GM Cruise Holdings for $2.1 billion in March 2022.

Update: Healthcare M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Healthcare was $62 million. In Q1 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– RIV Capital closed its acquisition of Etain for $247 million in March 2022.

– OptumHealth closed its acquisition of LHC Group for $6.4 billion in March 2022.

– An undisclosed Buyer closed its acquisition of Sunosi® of Jazz Pharmaceuticals for $53 million in March 2022.

– CompuGroup Medical Deutschland closed its acquisition of INSIGHT Health Group for $69 million in March 2022.

– Incannex Healthcare Limited closed its acquisition of APIRx Pharmaceuticals for $93 million in March 2022.

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

June, 2022

In Q1 2022, the median transaction value in Food & Beverage was $7 million. In Q1 2022, strategic buyers accounted for 88% of transactions.

Select recent notable publicly announced M&A transactions:

– Hometown International (now Makamer) closed its reverse merger acquisition of Hometown International for $420 million in March 2022.

– Starfield Properties closed its acquisition of Shafer Vineyards for $250 million in February 2022.

– Viterra closed its acquisition of the Gavilon Agriculture Investment for $1.1 billion in January 2022.

– Monster Beverage Corporation closed its acquisition of Canarchy for $330 million in January 2022.

– Benson Hill closed its acquisition of ZFS Creston for $103 million in January 2022.

Update: Digital Commerce M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Digital Commerce was $18 million. In Q1 2022, strategic buyers accounted for 100% of transactions.

Select recent notable publicly announced M&A transactions:

– Betterware de Mexico closed its acquisition of Operations in Mexico and The United States of Jafra S.A. for $255 million in January 2022.

– PlantX Life closed its acquisition of Substantially All of the Assets and Assumed Certain of the liabilities of Peter Rubi for $3 million in December 2021.

– Emerge Commerce closed its acquisition of WholesalePet.com for $25 million in November 2021

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

June, 2022

In Q1 2022, the median transaction value in Consumer & Retail was $32 million. In Q1 2022, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– General Motors Company closed its acquisition of GM Cruise Holdings

for $2.1 billion in March 2022.

– Bank J. Safra Sarasin closed its acquisition of Canoo for $69 million in March 2022.

– OEP Capital Advisors closed its acquisition of PGW Auto Glass for $362 million in March 2022.

– Apollo Global Management closed its acquisition of Tenneco for $7.6 billion in February 2022.

– Aaron’s Retail Solutions closed its acquisition of Interbond of America for $230 million in February 2022.

Update: Automotive M&A Update – June, 2022

June, 2022

In Q1 2022, the median transaction value in Automotive was $51 million. In Q1 2022, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– General Motors Company closed its acquisition of GM Cruise Holdings

for $2.1 billion in March 2022.

– Bank J. Safra Sarasin closed its acquisition of Canoo for $69 million in March 2022.

– Apollo Global Management closed its acquisition of Tenneco for $7.6 billion in February 2022.

– Wasatch Advisors closed its acquisition of Holley for $34 million in February 2022.

– Cummins closed its acquisition of Jacobs Vehicle Systems for $325 million in February 2022.

Peakstone Advises Pet Factory on its Sale to Worldwise, a Portfolio Company of A&M Capital

April, 2022. Peakstone served as exclusive M&A advisor to Pet Factory, Inc. in connection with its sale to Worldwise, Inc., a portfolio company of A&M Capital Partners (“AMCP”), a middle-market private equity investment fund that is part of the A&M Capital platform.Founded in 1989 and headquartered in Mundelein, Illinois, Pet Factory is a leading U.S. producer of high-quality pet chews and treats, and offers premium branded products for dogs through four core brands – CareChewz, Twistedz, Real Chewz and Combo Wrap Chewz. Pet Factory also offers a range of popular dog and cat toys alongside other pet accessories.Tom Miller, co-founder of Pet Factory, said, “Steve Royko and the Peakstone team’s guidance and professionalism throughout the entire transaction process was exemplary. They provided everything we could possibly expect from a business advisor. Their dedication to detail and advice along the way led to a successful conclusion which would not have happened without their involvement. Worldwise and A&M Capital will enable Pet Factory to flourish and grow new opportunities and we wish them great success.”Following the transaction, Greg Hill will continue to serve as President of Pet Factory while also becoming a senior member of Worldwise’s management team. Mr. Hill said, “We are excited to join the Worldwise team, to be integrated into a world-class platform, and to start the new chapter of Pet Factory.”Kevin Fick, CEO of Worldwise, said “With this acquisition, Worldwise gains a leader in the chew and treat space with strategic domestic manufacturing capabilities and strong customer relationships. The entire Worldwise team is thrilled to welcome Pet Factory to the family and to add their exceptional team to our platform. We also want to thank Tom Miller and Marco Corsi, who have been tremendous leaders of the business. We look forward to continuing and growing their legacy.”

For additional information please contact

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

Alex Fridman, Managing Partner, 312-346-7303, afridman@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.

Nader Abadi joins Peakstone as Managing Director

April, 2022. Nader Abadi is a Managing Director with Peakstone where he is responsible for transaction origination and execution.

Prior to joining Peakstone, Nader was with Bank of Ann Arbor, where he sourced middle market corporate relationships and originated growth and acquisition credit facilities, commercial real estate acquisition and development financing, asset-based lending facilities, and equipment financing. Previously, Nader worked at Monroe Capital where he sourced and structured sponsored and non-sponsored middle market senior/junior unitranche debt and co-equity transactions, and S&P Global Ratings where he was a corporate ratings associate.

Nader is actively involved in the middle market finance community, serving as a member of the Detroit Chapter of the Association for Corporate Growth (ACG). He holds an MBA from Georgetown University, and a BA in Economics from University of Michigan-Dearborn.

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.