Update: Packaging M&A Update – February, 2022

February, 2022

In 2021, median transaction value in Packaging climbed to $159 million, from just $65 million in 2020. In 2021, strategic buyers accounted for 83% of transactions, rising from 80% in 2020.

Select recent notable publicly announced M&A transactions:

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

– Silgan Holdings closed its acquisition of Unicep Packaging for $237 million in September 2021.

– Silgan Holdings closed its acquisition of Gateway Plastics for $485 million in September 2021.

– Pactiv Evergeen closed its acquisition of Fabri-Kal Corporation for $380 million in September 2021.

– Graphic Packaging International closed its acquisition of Americraft Carton for $280 million in April 2021.


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

February, 2022

In 2021, median transaction value in Digital Commerce declined to $19 million, from $33 million in 2020. In 2021, strategic buyers accounted for 89% of transactions, an increase from 81% in 2020.

Select recent notable publicly announced M&A transactions:

– priceline.com closed its acquisition of Consumer Club for $1.2 billion in November 2021.

– Liquidity Services closed its acquisition of Bid4Assets for $53 million in November 2021.

– An unknown buyer closed its acquisition of an undisclosed stake in Straetgic Pharmaceutical Solutions for $57 million in September 2021.

– Thoma Bravo closed its acquisition of Stamps.com for $6.7 billion in July 2021.

– ATG Media closed its acquisition of Live Auctioneers for $525 million in June 2021.


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

February, 2022

In 2021, median transaction value in Transportation & Logistics rose sharply to $60 million, from $18 million in 2020. In 2021, strategic buyers accounted for 82% of transactions, declining from 87% in 2020.

Select recent notable publicly announced M&A transactions:

– Ryder System closed its acquisition of Whiplash for $480 million in December 2021.

– Knight-Swift Transportation closed its acquisition of RAC MME Holdings for $150 million in December 2021.

– Werner Enterprises closed its acquisition of NEHDS Logistics for $64 million in November 2021.

– CAE closed its acquisition of the AirCentre Airline Operations Portfolio of Sabre Corporation for $393 million in October 2021.

– Flix Mobility closed its acquisition of Greyhound Lines for $202 million in October 2021.


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

February, 2022

In 2021, median transaction value in Tech & Software climbed to $53 million, from $33 million in 2020. In 2021, strategic buyers accounted for 92% of transactions, rising slightly from 91% in 2020.

Select recent notable publicly announced M&A transactions:

– Allied Motion Technologies closed its acquisition of Spectrum Controls for $70 million in December 2021.

– Denver Acquisition Corp. closed its acquisition of Ampere Computing Holdinngs for $128 million in December 2021.

– Matterport Operating closed its acquisition of Enview for $74 million in December 2021.

– Rocket Companies closed its acquisition of Truebill for $1.3 billion in December 2021.

– Thoma Bravo closed its acquisition of Bottomline Technologies for $2.7 billion in December 2021


Update: Infrastructure M&A Update – February, 2022

February, 2022

In 2021, median transaction value in Infrastructure climbed to $53 million, from just $18 million in 2020. In 2021, strategic buyers accounted for 89% of transactions, rising slightly from 88% in 2020.

Select recent notable publicly announced M&A transactions:

– PotlatchDeltic Corporation closed its acquisition of Loutre Land and Timber Company for $116 million in December 2021.

– Black River B 2017 closed its agreement to acquire a 10% stake in Sempra Global for $1.8 billion in December 2021.

– MasTec closed its acquisition of Henkels & McCoy Group for $593 million in December 2021.

– DMC Korea Inc. closed its acquisition of Machine Specialties, Inc. for $283 million in December 2021.

– West Indies Petroleum, Port Hamilton Refining and Transportation closed its acquisition of Limetree Bay Terminals for $62 million in December 2021.


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

February, 2022

In 2021, median transaction value in Industrials & Manufacturing climbed to $46 million, from $24 million in 2020. In 2021, strategic buyers accounted for 89% of transactions, rising from 90% in 2020.

Select recent notable publicly announced M&A transactions:

– TestEquity & GE Supply Logistics closed its acquisition of Lawson Products for $581 million in December 2021.

– Holcim Group Services closed its acquisition of Malarkey Roofing Products Co. for $1.4 billion in December 2021.

– MasTec closed its acquisition of Henkels & McCoy Group for $593 million in December 2021.

– Dover Corporation closed its acquisition of Acme Cryogenics for $295 million in December 2021.

– OPW Fueling Components closed its acquisition of Engineered Controls International for $631 million in December 2021.


Update: Healthcare M&A Update – February, 2022

February, 2022

In 2021, median transaction value in Healthcare climbed to $42 million, from $28 million in 2020. In 2021, strategic buyers accounted for 91% of transactions, remaining flat from 2020.

Select recent notable publicly announced M&A transactions:

– Essity closed its acquisition of Hydrofera for $131 million in December 2021.

– Select Medical Corporation closed its acquisition of Concentra Group Holdings for $626 million in December 2021.

– Quidel Corporation closed its acquisition of Ortho Clinical Diagnostics for $8.4 billion in December 2021.

– UFP Technologies closed its acquisition of DAS Medical Holdings for $95 million in December 2021.

– Getinge closed its acquisition of Talis Clinical for $65 million in December 2021.


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

February, 2022

In 2021, median transaction value in Food & Beverage climbed to $40 million, from $20 million in 2020. In 2021, strategic buyers accounted for 83% of transactions, decreasing from 91% in 2020.

Select recent notable publicly announced M&A transactions:

– Nexus Capital Management closed its acquisition of the Natural Beverages and Grains Businesses of The J. M. Smucker Company for $110 million in December 2021.

– The Hain Celestial Group closed its acquisition of That’s How We Roll for $259 million in December 2021.

– Taylor Farms Retail closed its acquisition of the Fresh Packaged Salads and Vegetables Business of Curation Foods for $74 million in December 2021.

– Treasury Wine Estates closed its acquisition of Frank Family Vineyards for $315 million in November 2021.

– Utz Brands closed its acquisition of R.W. Garcia Co. for $56 million in November 2021.


Update: Automotive M&A Update – February, 2022

February, 2022

In 2021, median transaction value in Automotive declined to $21 million, from $26 million in 2020. In 2021, strategic buyers accounted for 94% of transactions, an increase from 93% in 2020.

Select recent notable publicly announced M&A transactions:

– World Fuel Services closed its acquisition of Flyers Energy for $775 million in October 2021.

– Brown & Watson International closed it acquisition of Vision X USA for $71 million in October 2021.

– AFV Partners closed its acquisition of Canoo for $230 million in October 2021.

– LMP Automotive Holdings closed its acquisition of Alan Jay Automotive Management for $118 million in September 2021.

– Ideanomics closed its acquisition of VIA Motors for $551 million in August 2021


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

February, 2022

In 2021, median transaction value in Consumer & Retail rose to $24 million, compared to $20 million in 2020. In 2021, strategic buyers accounted for 90% of transactions, flat from the same portion in 2020.

Select recent notable publicly announced M&A transactions:

– Skillsoft Corp. closed its acquisition of Ryzac for $525 million in December 2021.

– Shoe Carnival closed its acquisition of Shoe Station in December 2021.

– Best Buy closed its acquisition of Two Peaks in November 2021.

– Franchise Group closed its acquisition of W.S. Badcock Corporation in November 2021.

– Durational Capital Management closed its acquisition of Casper Sleep in November 2021.