Peakstone served as exclusive financial advisor to Blue Ocean Partners, LLC

June, 2024. Peakstone served as exclusive financial advisor to Blue Ocean Partners, LLC (“Blue Ocean” or the “Company”) in connection with Blue Ocean’s acquisition of Majik Rent-To Own’s thirteen store locations. This event marks Blue Ocean’s fourth acquisition as the Company continues to execute its growth strategy.

Blue Ocean, based in Mountville, Pennsylvania, is a premier Rent-to-Own platform with a highly experienced management team with over 40 years of combined industry experience. The Company is actively seeking additional acquisitions in the Rent-to-Own sector.

Skyline Partners, LLC and Farragut Capital Partners, LLC provided debt and equity to support the transaction.

Blue Ocean CEO, William Short, said, “Peakstone’s unwavering commitment and perseverance throughout the process ensured that we found the ideal capital providers to support our strategy of pursuing additional acquisitions and new store growth. Our partnership with Skyline and Farragut provides Blue Ocean with substantial additional resources as we continue to expand our platform.”

Terms of the transaction were not disclosed.

For additional information please contact:

Eric Dziedzic, Managing Director, eric@peakstone.com

Michael Dobin, Analyst, mdobin@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 Timber Technologies LLC on its sale to Star Equity Holdings, Inc.

June, 2024. Peakstone served as exclusive M&A advisor to Timber Technologies LLC (“Timber Technologies” or the “Company”) in connection with its sale to Star Equity Holdings, Inc. (NASDAQ: STRR) (“Star Equity”), a publicly traded company. (Press release found here).

Timber Technologies, based in Colfax, Wisconsin, is a leading engineered wood products manufacturer specializing in glue-laminated products for post frame buildings. The Company provides timber products for the agriculture, industrial, infrastructure, and building construction (commercial and residential) industries.

Star Equity is a diversified holding company currently composed of two divisions: Building Solutions and Investments.  The Building Solutions division operates in three businesses including building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing.  Timber Technologies will add to Star Equity’s growth initiatives.

Timber Technologies co-owner, Dale Schiferl said, “A close friend of mine who had previous interactions with Peakstone on other deals, thought Peakstone would be a good fit to help sell our business. Peakstone was essential to completing this transaction. They executed on a well thought out strategy to sell Timber Technologies, provided great advice throughout, and guided the transaction to closing efficiently and smoothly.”

 

Terms of the transaction were not disclosed.

For additional information please contact:

Steve Royko, Managing Director, 608-770-1009, sroyko@peakstone.com

Michael Dobin, Analyst, 847-609-9492, mdobin@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 Tess Oral Health on its sale to ArchStar Capital

May, 2024. Peakstone served as exclusive M&A advisor to Tess Oral Health in connection with its sale to ArchStar Capital, LLC.

Founded in 1989, Tess Oral Health (Tess) is a leading manufacturer of personalized toothbrushes and other dental products for private practices and their patients. Headquartered in Eau Claire, Wisconsin, it serves over 2,400 clients nationally with tremendous opportunities for continued growth.

Rob Conner, CEO of Tess noted, “We engaged Peakstone to find a partner with the right background, reach and cultural fit to take our business to the next level, smarter and faster than we would achieve independently. Peakstone conducted a very thorough process providing us with options that allow us to find the right partner in ArchStar. We commend Peakstone in expertly positioning our business and advising us throughout the process.”

Founding ArchStar partner, Tom Mingo, noted “We are excited to utilize our resources and expertise in value creation to assist Tess Oral Health attain the next level of growth. We eagerly anticipate collaborating with their stellar team to enhance their already strong reputation and solidify their unique position as the leader in the oral care space.”

Terms of the transaction were not disclosed.

For additional information please contact:

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

Jeff Temple, Managing Partner, 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. 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.

About Tess Oral Health

Tess is a leading, USA manufacturer of brushes, personalized with our client’s logo to promote their practice. Tess continues to add other demanded dental products delivered direct to dental offices with fast turnaround on even custom orders. www.tessoralhealth.com

About ArchStar Capital

ArchStar Capital, based in the Midwest, invests in lower middle market companies, typically in partnership with founders and management teams. With a focus on establishing long-term partnerships, the company provides capital and operational support to businesses across various industries. The firm’s mission is to empower entrepreneurs and management teams, fuel transformative growth, and deliver exceptional returns for investors. www.archstarcap.com

Peakstone exclusive advisor to PJ Woodlands

March, 2024.  Peakstone served as exclusive financial advisor to PJ Woodlands.

Matthew Norris joins Peakstone as Managing Director

March, 2024. Matthew Norris joins Peakstone as a Managing Director in Chicago, where he is responsible for transaction origination and execution. With over 15 years of investment banking and private equity experience, he has completed over 50 M&A and capital raising advisory assignments for middle market and large capitalization clients, mostly in the diversified industrial, manufacturing and oil and gas sectors.

Prior to joining Peakstone, Matthew was instrumental in building the Chicago-based investment banking practice at CIBC, working on US and cross-border transactions. Matthew began his finance career with Probel Capital Management, a Belgian-based private equity firm focused on oil and gas producers, and then worked with CIBC’s oil and gas investment banking group in Calgary, Canada before relocating to Chicago.

Matthew has an MBA from Georgetown University and a B.Comm. from Memorial University.

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 Electrical Wholesale Supply on Sale to Ideal Supply

March, 2024. Peakstone served as exclusive M&A advisor to Electrical Wholesale Supply in connection with its sale to Ideal Supply, a subsidiary of Deschenes Group.

Electrical Wholesale Supply (“EWS”) is a leading distributor of electrical equipment in the Windsor, Ontario region. Founded in 1991, EWS supplies a variety of contractors and businesses in the region by leveraging its knowledgeable staff with close partner and community relationships.

Ideal Supply founded in 1926, is an Ontario electric supply distributor and NAPA’s largest independent auto parts distributor. The acquisition of EWS expands Ideal Supply’s geographic footprint to the Windsor and Leamington, Ontario region.

Dave Austin, Founder and President of EWS said “To come to the conclusion that it is time to sell a company is not an easy decision. In doing my research I was led to believe that Peakstone was the best asset to enlist in this process. I will tell you that all of my research proved correct, they were by far the best choice. I was blessed with Tim, Steve, and Connor on my project who walked with me every step of the way in the process from beginning to end. They were beyond professional and beyond thorough and gave me all of the assistance I needed; without a doubt I would call upon them again in the future.”

Terms of the transaction were not disclosed.

For additional information please contact:

Steve Royko, Managing Director, sroyko@peakstone.com

Tim Trela, Managing Director, ttrela@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.

Dean Marshall joins Peakstone as Managing Director

March, 2024. Dean Marshall joins Peakstone as a Managing Director in Pittsburgh, where he is responsible for transaction origination and execution. Dean has extensive experience in merger and acquisition and strategic corporate development. Dean provides sophisticated advisory services, including M&A and capital raising, to entrepreneur and family-owned businesses.

Prior to joining Peakstone, Dean led U.S. Steel’s global strategy and corporate development function and subsequently led M&A for a global IT Services platform company. In addition, Dean served on the board of a private equity owned industrial company with operations in the US, Germany, China and India. Dean started his career in the Pittsburgh office of Price Waterhouse where he obtained his CPA license.

Dean earned his BA degree in Accounting from Westminster College.

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 Publishes Industry Reports

March, 2024. 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.

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Update: Transportation and Logistics M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Transportation & Logistics was $38 million. For 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

–TFI International closed its acquisition of Daseke for $1.2 billion in December 2023.

–Star Bulk Carriers announced its acquisition of Eagle Bulk Shipping for $1.1 billion in December 2023.

–Canadian National Railway Company closed its acquisition of Iowa Northern Railway Company for $230 million in December 2023.

–Alaska Air Group closed its acquisition of Hawaiian Holdings for $3.0 billion in December 2023.

–Americold Realty Trust announced its acquisition of Safeway Freezer Storage for $37 million in November 2023.

Update: Technology and Software M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Technology and Software was $55 million. For 2023, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–Insight Venture Management; Clearlake Capital Group announced its acquisition of Alteryx for $5.0 billion in December 2023.

–Motorola Solutions closed its acquisition of IPVideo Corporation for $170 million in December 2023.

–Honeywell International announced its acquisition of Global Access Solutions for $4.9 billion in December 2023.

–The Travelers Companies closed its acquisition of Corvus Insurance Holdings for $435 million in November 2023.

–HubSpot closed its acquisition of APIHub for $147 million in November 2023.