August, 2019
For 2019 YTD, strategic buyers accounted for 97% of Technology M&A transactions. During 2018, strategic buyers accounted for 92% of the transactions.
Select recent notable publicly announced M&A transactions:
– 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.
– IBM acquired Redhat for approximately $35.6 billion.
August, 2019
Through 2019 YTD, strategic buyers accounted for 92% 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:
– Etsy acquired Reverb for approximately $275 million.
– Hangzhou Lianluo Interactive acquired Newegg for approximately $180 million.
– Nutrisystem acquired Tivity Health for approximately $1.4 billion.
– World Group acquired Original Stitch for approximately $22 billion.
– Quarate Retail Group acquired HSN for approximately $1.8 billion.
– Snapfish acquired Cafe Press for approximately $26 million.
August, 2019
For 2019 YTD, strategic buyers accounted for 65% of Consumer and Retail M&A transactions. During 2018, strategic buyers accounted for 69% of the transactions.
Select recent notable publicly announced M&A transactions:
– Perrigo Company entered an agreement to acquire Ranir for $750 million.
– Tivity Health acquired Nutrisystem for $1.4 billion.
– Platinum Equity acquired Jostens for $1.3 billion.
– ARG Holdings acquired Sonic for $2.3 billion.
– Vintage Investment Partners acquired Rent-A-Center for $1.3 billion.
– Marriott Vacations Worldwide Corp. acquired ILG Inc. for about $5.8 billion.
– Tenneco acquired Federal-Mogul for $5.4 billion.
– Peakstone advises Erehwon Mountain Outfitter on sale of company to Camping World Holdings, Inc. (NYSE:CWH) for an undisclosed amount.
– Arby’s Restaurant Group Inc. acquired Buffalo Wild Wings Inc. for approximately $2.9 billion.
– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.
– BPS Direct, L.L.C. acquired Cabela’s Incorporated (NYSE:CAB) for approximately $8.67 billion.
– Circle K Stores Inc. acquired CST Brands, Inc. (NYSE:CST) for approximately $6.09 billion.
– Rye Parent Corp. acquired Panera Bread Company (NasdaqGS:PNRA) for approximately $7.66 billion.
August, 2019
For 2019 YTD, strategic buyers accounted for 86% 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:
– KKR acquires Arnott’s Biscuit Holdings for $2.2 billion.
– Mckee Foods acquires Prairie City Bakery for an undisclosed sum (represented by Peakstone).
– Butterfly Enterprises acquires Bolthouse Farms for $510 million.
– E&J Gallo Winery acquires a portfolio of wine and spirits brands from Constellation Brands for $1.7 billion.
– Ferrero International acquires the cookies and fruit snacks business of Kellogg’s for $1.3 billion.
August, 2019
In 2019 YTD, strategic buyers accounted for 100% 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:
– Intercontinental Exchange acquires Simplifile for $335 million.
– Fidelity National Information Services acquires Worldpay for $43.6 billion.
– Mastercard Incorporated acquires Trans-Fast Remittance for $450 million.
– Juniper Networks acquires Mist Systems for $405 million.
– ACI Worldwide acquires SpeedPay for $750 million.
– CACI acquires LGS Innovations for $750 million.
– Repay Holdings Corporation acquires Hawk Parent Holdings for $643 million.
– Fiserv acquires First Data Corporation for $41.8 billion.
– CVC Capital Partners acquires ConvergeOne Holdings for $1.7 billion.
For 2019 YTD, strategic buyers accounted for 95% 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:
– Cascades acquires certain assets of Orchids Paper for $216 million.
– Warburg Pincus acquires Pregis Corporation for $1.3 billion.
– Greif Packaging acquires Caraustar Industries for $1.8 billion.
– One Madison Corporation acquires Ranpak Corp. for $950 million.
– Berry Global Group acquires Laddawn for $242 million.
August, 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.
August, 2019
For 2019 YTD, strategic buyers have accounted for 82% of Warehousing, Transportation and Logistics M&A transactions with financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 81% of the transactions.
Select recent notable publicly announced M&A transactions:
– Brookfield acquires Genesee & Wyoming for $6.4 billion.
– Aurora Capital Partners acquired Petroleum Services Corporations for $335 million.
– Variant Equity acquires Coach USA for $270 million.
– Odyssey acquires American Fast Freight for $465 million.
– ATSG acquires Omni Air International for $845 million.
– Blackstone acquires Gramercy Property Trust for $7.5 billion.
– Prologis acquired DCT Industrial Trust for $8.4 billion.
– Kirby Corporation acquired Higman Marine, Inc. for $419 million.
– Penske Automotive Group, Inc. (NYSE:PAG); MBK USA Commercial Vehicles Inc. acquired Penske Truck Leasing Co., L.P. for approximately $670 million.
– EQT Partners AB acquired Global Gateway South Terminal for approximately $820 million.
– Scorpio Tankers Inc. (NYSE:STNG) acquired Navig8 Product Tankers Inc. for approximately $1.18 billion.
– Knight Transportation, Inc. (NYSE:KNX) acquired Swift Transportation Company (NYSE:SWFT) for approximately $2.97 billion.
– Grupo México Transportes S.A. de C.V. acquired Florida East Coast Holdings Corp. for approximately $2.1 billion.
August, 2019
In 2019 YTD, strategic buyers accounted for 82% of Pet M&A transactions while financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 97% of the transactions.
Select recent notable publicly announced M&A transactions:
– Sergeant’s acquired PetIQ for approximately $185 million.
– Smucker’s acquired Ainsworth for approximately $1.9 billion.
– Hines Resource Group acquired Spectrum Brands for approximately $2.3 billion.
– General Mills, Inc. acquired Blue Buffalo Pet Products, Inc. for approximately $8.3 billion.
– The Riverside Company acquired Petstages for an undisclosed amount.
– The Riverside Company acquired Bionic for an undisclosed amount.
August, 2019. Peakstone served as exclusive M&A advisor to Code Red Safety, LLC in connection with its sale to Coyote Industrial Holdings, an industrial safety platform formed by Hastings Equity Partners.
Founded in 1995, Code Red Safety is a leading provider of industrial safety solutions including equipment rental, standby rescue services and safety products. Code Red Safety serves a blue-chip customer base across the industrial, refining, petrochemical, automotive, steel and power generation markets.
“I am extremely proud of what we are building and our partnership with Hastings will enhance our ability to grow” said Mike Miller, co-founder of Code Red Safety. “Peakstone worked tirelessly to ensure the best outcome for Code Red Safety. Peakstone’s industry knowledge and strong capabilities delivered a broad range of options for us to evaluate. I cannot imagine the transaction closing without Peakstone’s dedication and vision.”
Rob Tepperman, co-founder of Code Red Safety, said “Peakstone exceeded all expectations and was invaluable throughout the process. We made the right choice in working with them.”
Press Release: Click Here
Terms of the transaction were not disclosed.
For additional information please contact:
Nicholas Patrick, Managing Director, 312-346-7335, npatrick@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.
