Peakstone Publishes Industry Reports

December, 2019. Peakstone has published twelve industry reports, which can be accessed through the links below.  We deliver sector knowledge, experience, and relationships to every client.  We welcome a chance to open dialogue with companies in these sectors to exchange information and viewpoints.

Automotive

Consumer & Retail

E-Commerce


Food & Beverage

Industrials & Manufacturing

Infrastructure

IT Services

Packaging

Pet

Restaurant

Technology & Software

Transportation & Logistics

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.


Update: Food and Beverage M&A Update – December, 2019

December, 2019

For 2019 YTD, strategic buyers accounted for 92% of Food and Beverage M&A transactions. During 2018, strategic buyers accounted for 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– Pepsico announced plans to acquire Better For You Brands for an undisclosed amount.

– Anheuser-Busch announced plans to acquire Craft Brew Alliance for $289 million.

– Pernod Ricard acquires Castle Brands for $277 million.

– The Hershey Company acquires ONE Brands for $401 million.

– Atkins acquires Quest Nutrition for $1 billion.


Update: IT Services M&A Update – December, 2019

December, 2019

In 2019 YTD, strategic buyers accounted for 90% of IT Services M&A activity; during 2018, strategic buyers accounted for approximately 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Open Text Corporation acquires Carbonite for $850 million.

– RealPage acquires Buildium for an undisclosed amount.

– Workday acquires Scout RFP for $540 million.

– Proofpoint acquires ObserveIT for $230 million.

– PTC acquires Onshape for $470 million.

– MJ23 UK Acquisition acquires Cision for $1.5 billion.

– Roku acquires dataxu for $150 million.

– Cerner Corporation acquires AbleVets for $75 million.

– Apex Systems acquires Intersys Consulting for $67 million.


Update: Packaging M&A Update – December, 2019

December, 2019

For 2019 YTD, strategic buyers accounted for 90% of the Packaging M&A transactions while financial buyers made up the difference. During 2018, strategic buyers accounted for approximately 84% of the transactions.

Select recent notable publicly announced M&A transactions:

– Cerberus Capital Management acquires Closure Systems International for $615 million.

– Graanul Invest acquires German Pellets for $63 million.

– One Madison Corporation acquires Ranpak Corp. for $959 million.

– Aptar acquires CSP Technologies for $548 million.

– Amcor acquires Bemis for $6.8 billion.


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

December, 2019

For 2019 YTD, strategic buyers accounted for 84% of Restaurant M&A transactions. During 2018, strategic buyers accounted for 82% of the transactions.

Select recent notable publicly announced M&A transactions:

– ICV Partners acquired Diversified Restaurant Holdings for $181 million.

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

– Inspire Brands acquired Sonic for approximately $2.3 billion.

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

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

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


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

December, 2019

In 2019 YTD, strategic buyers accounted for 89% 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:

– Americold Realty Trust acquired Chiller Holdco for approximately $1.2 billion.

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

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

– Advanced Drainage Systems acquired Infiltrator Water Technologies for approximately $1 billion.

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

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


Update: E-Commerce M&A Update – December, 2019

December, 2019

Through 2019 YTD, strategic buyers accounted for 84% of the E-Commerce 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:

– Apollo acquired Shutterfly for approximately $2.9 billion.

– Quarate Retail Group acquired HSN for approximately $1.8 billion.

– Nutrisystem acquired Tivity Health for approximately $1.4 billion.

– Etsy acquired Reverb for approximately $275 million.

– World Group acquired Original Stitch for approximately $22 billion.

– Snapfish acquired Cafe Press for approximately $26 million.


Update: Technology and Software M&A Update – December, 2019

December, 2019

For 2019 YTD, strategic buyers accounted for approximately 92% of Technology M&A transactions. During 2018, strategic buyers accounted for 92% of the transactions.

Select recent notable publicly announced M&A transactions:

– Roper acquired iPipeline for $1.6 billion.

– Salesforce acquired Tableu for $17.3 billion.

– Global Payments acquired TSYS for approximately $26.7 billion.

– FIS acquired WorldPay for $43.6 billion.

– Fiserv acquired First Data for approximately $41.7 billion.


Update: Infrastructure M&A Update – December, 2019

December, 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.


Industry Update: Automotive M&A Update – December, 2019

December, 2019

For 2019 YTD, strategic buyers accounted for 87% of Automotive M&A transactions. During 2018, strategic buyers accounted for 86% of the transactions.

Select recent notable publicly announced M&A transactions:

– Autokinition acquired Tower International for $1.2 billion.

– Allison Transmission Holdings, Inc. acquired the electric vehicle systems division from AxleTech International Holdings for approximately $120 million.

– Constellium acquired UACJ for $140 million.

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– Winnebago Industries, Inc. acquired Grand Design RV for approximately $500 million.

– Polaris Industries Inc. (Delaware) acquired TAP Automotive Holdings, LLC for approximately $670 million.

– Thor Industries, Inc. (NYSE:THO) acquired Jayco, Inc. for approximately $580 million.

– Vitro, S.A.B. de C.V. (BMV:VITRO A) acquired Pittsburgh Glass Works LLC for approximately $310 million.