Peakstone Advises on Environmental Services Transaction

October, 2019. Peakstone served as the exclusive financial advisor to Beneficial Reuse Management (“BRM”) in connection with its transaction with Skyline Global Partners.

Founded in 1999, BRM is a privately-owned, Illinois-based processor, manufacturer, and distributor of specialty agricultural and construction products. BRM sources materials from the by-product streams of utilities, municipalities and industrial companies, and creates branded and non-branded products. The Company’s branded product, Gypsoil®, provides valuable nutrients and improves soil structure for the agriculture industry. Environmental benefits from BRM’s products include preservation of landfill space, conservation of natural resources and reduced carbon dioxide emissions.

“This transaction represents a key milestone for the company,” noted Dave Schuurman, Chairman. “Our new partnership with Skyline will help us capitalize on numerous market opportunities and strategic growth initiatives.”

Robert Spoerri, Chief Executive Officer, added, “BRM has maintained a strong relationship with Peakstone for several years as we evaluated our strategic alternatives.  We appreciate the Peakstone team’s dedication, guidance and support that helped us achieve a very successful outcome.”

Terms of the transaction were not disclosed.

For additional information please contact the following:

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

Alex Fridman, Managing Director, (312) 346-7303, alex@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.

Peakstone Advises on Sale of Renewable Energy Company

October, 2019. Peakstone served as the exclusive M&A advisor to GreenWhey Energy, Inc. on its sale to Viresco AD.

Founded in 2013, GreenWhey Energy (www.greenwheyenergy.com) uses anaerobic digesters to treat whey-rich wastewater produced by cheesemakers, as well as other nutrient-rich liquids produced by other food and beverage companies. Viresco AD (www.virescoad.com) is a leading biofuels company specializing in advanced anaerobic digestion technology for the conversion of waste into energy.

GreenWhey entered voluntary receivership in 2016 as operational and regulatory issues created financial stress. Rebecca DeMarb (www.demarb-brophy.com), the Receiver, noted, “After a long sale process and restructuring inside of the receivership, we are thrilled to see GreenWhey in the competent hands of Viresco.”

GreenWhey Energy’s General Manager, Barry Bassett, who joined the company in 2018 and was instrumental to stabilizing GreenWhey’s operations, said, “Due to our unique business model, we met a wide range of potential buyers, including anaerobic digestor companies, financial investors, municipalities, industry experts and engineering groups. Peakstone effectively advised us on the range of alternatives. We are delighted to join forces with Viresco AD. They bring a vision and financial commitment to make the GreenWhey Energy plant an innovative leader in the anaerobic digester industry.”

Terms of the transaction were not disclosed.

For additional information regarding Peakstone services, please contact the following:

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

Peakstone Serves as M&A Advisor on the sale of Design Tanks to The Purcell Companies

October, 2019. Peakstone served as exclusive M&A advisor to Design Tanks, LLC, an Aldine Capital Partners portfolio company, in connection with its sale to The Purcell Companies.

Founded in 1956, Design Tanks sells a full range of fiberglass reinforced plastic (FRP) tank sizes and accessory products for a wide range of applications. Headquartered in Sioux Falls, South Dakota, its products are sold nationally and internationally.

Mike Revord of Aldine Capital stated, “We are thrilled with the results. The process and advice from Peakstone helped get a great deal done with an ideal partner to support the management team going forward.”

Mike McLoone, COO of The Purcell Companies, said, “Design Tanks is well-positioned to capitalize on its core strengths. With our capital resources, operational experience and long-term investment horizon, we look forward to further optimizing the Company’s operations and business model and elevating Design Tanks to its next level.”

Terms of the transaction were not disclosed.

For additional information regarding Peakstone services, please contact the following:

Mark Horita, Managing Director, (312) 346-7308, mhorita@peakstone.com

Peter Melloni, Managing Director, (630) 664-3457, pmelloni@peakstone.com

Jeff Temple, Managing Director, (312) 346-7301, jtemple@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

About Aldine Capital Partners

Aldine Capital Partners is a private investment firm, which provides mezzanine and junior capital financing to lower middle-market companies. Aldine typically invests $4-25 million per transaction in a combination of subordinated debt and equity. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity. Our success is built on a collaborative approach that harnesses over 70 years of combined experience and relationships to create tailored capital solutions. http://aldinecapital.com

About Design Tanks

Headquartered in Sioux Falls, South Dakota, Design Tanks creates premier fiberglass storage tanks for customers across the nation and around the world. Our custom tanks come in many shapes and sizes—from two to 14 feet in diameter and holding from 50 to 50,000 gallons, with a variety of product options. http://www.designtanks.com

Michael Taylor joins Peakstone as Managing Director

September, 2019. Michael Taylor has joined Peakstone as a Managing Director focusing on the Consumer and Retail sectors. Michael brings substantial depth to Peakstone’s Consumer and Retail practice, having completed over 100 transactions totaling over $28 billion in value for leading consumer and retail clients globally.

Prior to joining Peakstone, Michael was with KeyBanc Capital Markets’ Consumer and Retail Group, where he ran the Hardgoods Consumer Products and Hardlines Retail Investment Banking practice. Michael began his investment banking career with Bank of America’s Global Corporate and Investment Banking business. Michael spent 14 years with Bank of America, including as a founding member of the firm’s Consumer and Retail Corporate and Investment Banking Group, eventually working as a Managing Director responsible for origination and execution of transactions in the Consumer Products sector. Michael later joined BMO Capital Markets in the Consumer and Retail Investment Banking Group where he was a Managing Director responsible for the Consumer Products sector.

Michael has an MBA from the Marshall School of Business at the University of Southern California and a Bachelor of Science from the University of Colorado.

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 Serves as M&A Advisor to Countryside Tank Company on Sale to TerraVest Industries

September, 2019. Peakstone served as the exclusive M&A advisor to Iowa Steel Fabrication LLC, (doing business as Countryside Tank Company) and Majona Steel Corporation (collectively, “Countryside Tank”) in connection with its sale to TerraVest Industries Inc.

Founded in 1973, Countryside Tank is a privately-owned, Iowa-based company primarily focused on manufacturing transportation equipment for the propane and anhydrous ammonia markets as well as structural steel projects.

“Countryside Tank is a leading manufacturer of propane and anhydrous ammonia trailers for the U.S. market, the addition of the company enhances TerraVest’s propane and NH3 trailer offering in the U.S. as well as the scope of services offered in the Midwest. Countryside Tank will play a part in TerraVest’s overall effort to maximize product and service capabilities to customers across North America,” said Dustin Haw, Chief Executive Officer of TerraVest Industries.

Joe Greving, Iowa Steel’s Executive Chairman, noted, “We’re excited to become a part of the TerraVest family and accelerate our efforts to meet the evolving needs of our customers. It expands our growth strategy in North America and supports our commitment to outstanding customer service. Peakstone was an invaluable partner throughout the sale process and helped us achieve a great outcome for Countryside Tank.”

Press Release: Click Here

Terms of the transaction were not disclosed.

For additional information please contact:

Christian Colucci, Managing Director, (312) 346-7349, christian@peakstone.com

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

Mark Horita, Managing Director, (312) 346-7308, mhorita@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.

Peakstone Advises on Growth Capital Transaction for Event Management Consumer Services Business

September, 2019. Peakstone served as financial advisor to 828 Venue Management Company in connection with its institutional investor growth capital raise.

Founded in 2014, 828 is leading the wedding and event venue industry with unique urban locations that are perfect for the modern couple. The Company provides unmatched service for its customers including a 24-hour venue rental, the flexibility to bring in any vendor of choice and creative freedom to personalize the event. This transparency has enabled 828 to modernize the wedding industry and provide a creative marketplace for its clients to design and execute the event of their dreams. The Company currently operates eight locations in six cities across the United States.

Terms of the transaction were not disclosed.

For additional information please contact:

Michael Dockendorf, Managing Director, 312-346-7351, mdockendorf@peakstone.com

Cathy Jaros, Managing Director, 312-262-7735, cjaros@peakstone.com

Nicholas Patrick, Managing Director, 312-346-7335, npatrick@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.

Peakstone Closed Deal Announcement: Peakstone Advises Collision Repair Business on Growth Capital Transaction

August, 2019. Peakstone served as exclusive financial and M&A advisor to Crash Champions, LLC in connection with its growth capital raise. Founded in 1999, Crash Champions is a growing multi-location collision repair operator with a strong market position in the Midwest. Crash Champions has acquired several shops with strong operations, management and locations in the fragmented collision repair industry and enhanced referral sourcing and profitability. With fresh capital, Crash Champions is well positioned to accelerate its disciplined acquisition strategy.

“I am really proud of our Company’s growth and development and very excited about our future. With excellent capital partners that share our vision for expansion of the business., we can now execute our growth strategy even more quickly,” said Matt Ebert, CEO and founder.

Matt also said, “The Peakstone team was awesome. They understood our value proposition, presented numerous capital options and worked tirelessly to help us figure it all out. I couldn’t have done it without them.”

Terms of the transaction were not disclosed.

For additional information please contact:

Christian Colucci, Managing Director, 312-346-7349, christian@peakstone.com

Alex Fridman, Managing Director, 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. 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.

Update: Infrastructure M&A Update – August, 2019

August, 2019

Select recent notable publicly announced M&A transactions:

– Aurora Capital Partners acquired Petroleum Services Corporation for $335 million.

– Brookhaven Capital Partners acquired Pioneer Railcorp for $72 million.

– IFM Investors acquired Buckeye Partners for $10.5 billion.

– DP World acquired Fraser Surrey Docks. Terms were not disclosed.

– MPLX acquired Andeavor Logistics for $3.3 billion.

– Macquarie acquired Long Beach Container Terminal for $1.8 billion.

– J.P. Morgan Asset Management acquired a stake in Nieuport Aviation Infrastructure Partners GP, the owner and operator of the passenger terminal at Billy Bishop Toronto City Airport. Terms were not disclosed.

– Blackstone acquired Tallgrass Energy for $3.2 billion.

Update: Restaurant Industry Insight Spotlight on Fast Casual M&A Update – August, 2019

August, 2019

For 2019 YTD, strategic buyers accounted for 79% of Restaurant M&A transactions. During 2018, strategic buyers accounted for 82% of the transactions.

Select recent notable publicly announced M&A transactions:

– The Cheesecake Factory acquired Fox Restaurant Concepts for $223 million.

– L Catterton acquired Del Frisco’s for approximately $841 million.

– Durational Capital Partners and The Jordan Company acquired Bojangle’s for approximately $770 million.

– Inspire Brands acquired Sonic for approximately $2.3 billion.

– Spice Private Equity acquired Bravo Brio Restaurant Group for approximately $100 million.

Update: Industrials and Manufacturing M&A Update – August, 2019

August, 2019

In 2019 YTD, strategic buyers accounted for 91% of Industrials and Manufacturing M&A transactions while financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– Advanced Drainage Systems acquired Infiltrator Water Technologies for approximately $1.1 billion.

– Hudson Products Corporation acquired Air-X-Changers for approximately $592 million.

– Harsco acquired The Compass Group for approximately $628 billion.

– Waste Management acquired Advanced Disposal Services for approximately $4.9 billion.

– Hitachi acquired JR Automation Technologies for approximately $1.4 billion.