Industry Update: Transportation & Logistics M&A Update – February, 2018

February, 2018

For 2017, strategic buyers accounted for 92% of the Transportation and Logistics M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– 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.

Peakstone Closed Deal Announcement- Erehwon Mountain Outfitter Sold to Camping World Holdings

February, 2018. Peakstone served as exclusive M&A advisor to Erehwon Mountain Outfitter in connection with the Company’s sale to Camping World Holdings, Inc. (NYSE: CWH). Founded in 1972 in Chicago and now based in Arlington Heights, Erehwon is a top source of outdoor clothing and gear in the Midwest with locations throughout Chicagoland and a flagship location in the Milwaukee area. The acquisition of Erehwon is further progression in Camping World’s commitment to an omni-channel approach to penetrating the outdoor lifestyle market.

With the Erehwon sale, Peakstone continues to demonstrate its ability to attract large public companies to partner with its middle market clients.  These deals require the ability to identify a compelling strategic rationale, access the right people at the buyer, and effectively negotiate through all phases of a transaction. In the past 12 months, Peakstone has advised on the sale of seven businesses to multi-billion dollar public companies

“Over the past several years, Peakstone has served as a trusted strategic advisor to Erehwon,” noted Rudi Mayer, owner of Erehwon Mountain Outfitter. “Their deep understanding of our business and strategic objectives helped facilitate an efficient transaction that resulted in a great outcome for Erehwon and its valued employees.”

“Erehwon has a history of being a top player in the outdoor market since 1972. This acquisition strengthens Camping World Holding’s efforts to build a seamless approach to the outdoor lifestyle market and further positions the company to expand the reach and product offerings of our e-commerce business.” said Marcus Lemonis, Chairman of Camping World Holdings.

Camping World Holdings’ Full Press Release: Click Here

Terms of the transaction were not disclosed.

For additional information please contact the following:

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. 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.

Peakstone Closed Deal Announcement- Spring Water Company Acquisition

January, 2018. Peakstone served as exclusive M&A advisor to Keystone Water Company, LLC in connection with the Company’s acquisition of Bear Hollow Enterprises, LLC. Keystone Water is a vertically integrated spring water company with bottling operations and a distribution center in Florida’s heartland. The combination of Keystone Water and Bear Hollow, an adjacent spring, creates the largest available fresh water spring of its kind in the region. The combined operation enables the Company to utilize its unique assets to support local and national customers and end markets on a wholesale and retail basis.

“We are very excited with the potential in putting these two companies together. Our go forward strategic initiatives will be bolstered by the strength of the combined resources,” noted Keystone Water’s CEO, Darren Keller. “The team from Peakstone, led by Jim Breen and strategic advisor Danny Rubenstein from DASH Advisors, LLC, has helped evaluate, contribute and execute on our strategic growth plan which now puts us in an excellent position to capitalize on our next stage of growth. Their thoughtful guidance and deep understanding of our business resulted in a great outcome for the Keystone Water team.”

Terms of the transaction were not disclosed.

For additional information please contact the following:

Jim Breen, Managing Director, 312-543-3881, jbreen@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. 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.

Peakstone Publishes Industry Reports

December, 2017. Peakstone has published twelve updated 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

Home Décor

Industrials & Manufacturing

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.

 

Industry Update: IT Services M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 90% of the IT Services M&A transactions with financial buyers making up
the difference; during 2016, strategic buyers accounted for approximately 95% of the transactions.

Select recent notable publicly announced M&A transactions:

– Perficient has acquired Clarity for approximately $1.6 billion

– GTT Communications, Inc. has acquired Perseus for approximately $130 million

– Global Payments Inc. has acquired PointSource for approximately $290 million

– The Hackett Group, Inc. has acquired Jibe for approximately $1.7 billion

– Zayo Group Holdings, Inc. has acquired SixSigma for approximately $700 million

– Infor has acquired Ciber for approximately $100 million

– Oak Lane Partners has acquired Maintech for approximately $200 million

– TowerBrook has acquired Kimball Bridge for approximately $610 million

– AUXO has acquired Crynergia Tek for approximately $600 million

Industry Update: Packaging M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 84% of the Packaging M&A transactions with financial buyers making up
the difference; during 2016, strategic buyers also accounted for approximately 89% of the transactions.

Select recent notable publicly announced M&A transactions:

– Graphic Packaging International, Inc. acquired North America Consumer Packaging Business of International Paper Company for approximately $1.8 billion.

– DS Smith Plc (LSE:SMDS) acquired Indevco Management Resources, Inc. for approximately $1.15 billion.

– Loews Corporation (NYSE:L) acquired Consolidated Container Company LLC for approximately $1.2 billion.

– RPC Group Plc (LSE:RPC) acquired Letica Corporation for approximately $640 million.

– WestRock Company (NYSE:WRK) acquired Multi Packaging Solutions International Limited for approximately $2.3 billion.

Industry Update: Pet M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 94% of the Pet M&A transactions with financial buyers making up the
difference; during 2016, strategic buyers accounted for approximately 79% of the transactions.

Select recent notable publicly announced M&A transactions:

– The Riverside Company acquired Petstages for an undisclosed amount

– The Riverside Company acquired Bionic for an undisclosed amount

– Cooke Inc. acquired Omega Protein Corporation (NYSE:OME) for approximately $510 million

– The J. M. Smucker Company (NYSE:SJM) acquired Blue Acquisition Group, Inc. for approximately $5.77 billion

– CVC Capital Partners acquired Petco for approximately $4.6 billion.

Industry Update: Transportation & Logistics M&A Update – October, 2017

October, 2017

For 2017 YTD, strategic buyers accounted for 92% of the Transportation and Logistics M&A transactions with financial buyers
making up the difference; during 2016, strategic buyers accounted for approximately 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– 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.

Industry Update: Industrials & Manufacturing M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 90% of the Industrials and Manufacturing M&A transactions with
financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– 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.

Industry Update: Technology and Software M&A Update – October, 2017

October, 2017

For the 2017 YTD period, Technology and Software transactions are on track with 2016 volume and are trading at significantly
higher multiples compared to 2016.

Select recent notable publicly announced M&A transactions:

– Cisco systems, inc. (nasdaqgs:csco) acquired appdynamics, inc. for approximately $4.03 billion.

– Inception parent, inc. acquired Rackspace hosting, inc. for approximately $4.95 billion.

– Micro focus international plc (lse:mcro) acquired Hewlett packard enterprise company, software business for approximately $8.73 billion.

– Oracle corporation (nyse:orcl) acquired netsuite inc. for approximately $7.08 billion.

– Siemens industry, inc. acquired Mentor graphics corporation for approximately $4.82 billion.