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

June, 2019

For 2019 YTD, strategic buyers accounted for 35% of Restaurant M&A transactions. During 2018, strategic buyers accounted for 82% of the transactions.

Select recent notable publicly announced M&A transactions:

– MTY Group acquired Papa Murphy’s for $184 million.

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

– Inspire Brands acquired Sonic for approximately $2.3 billion.

– Del Frisco’s acquired Barteca for approximately $330 million.

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


Industry Update: Industrials and Manufacturing M&A Update – June, 2019

June, 2019

In 2019 YTD, strategic buyers accounted for 90% 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:

– Gardner Denver acquired industrial segment business of Ingersoll Rand for approximately $8.7 billion.

– Health Equity acquired Wage Works for approximately $2.2 billion.

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

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

– Jacobs Engineering Group acquired The KeyW Holding Corporation for approximately $946 million.


Industry Update: E-Commerce M&A Update – June, 2019

June, 2019

Through 2019 YTD, strategic buyers accounted for 95% 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:

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

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

– Hangzhou Lianluo Interactive acquired Newegg for approximately $180 million.

– Nutrisystem acquired Tivity Health for approximately $1.4 billion.

– Snapfish acquired Cafe Press for approximately $26 million.


Industry Update: Technology and Software M&A Update – June, 2019

June, 2019

For 2019 YTD, strategic buyers accounted for 98% of Technology M&A transactions. During 2018, strategic buyers accounted for 92% of the transactions.

Select recent notable publicly announced M&A transactions:

– FIS acquired WorldPay for $43.6 billion.

– Blackstone Group acquired Ultimate Software for $10.9 blillion.

– Fiserv acquired First Data for approximately $41.7 billion.

– SAP acquired Qualtrics for approximately $8.0 billion.

– IBM acquired Redhat for approximately $35.6 billion.


Industry Update: Packaging M&A Update – June, 2019

June, 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:

– One Madison Group acquires Ranpak for $950 million.

– Tekniplex acquires Amcor for $215 million.

– Greif acquires Caraustar for $1.8 billion.

– Cascades acquires Urban Forest for $37 million.

– Universal Forest Products acquires Pak-Rite for $15 million.


Industry Update: Warehousing, Transportation and Logistics M&A Update – June, 2019

June, 2019

For 2019, strategic buyers have accounted for 88% 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:

– 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.


Industry Update: Pet M&A Update – June, 2019

June, 2019

In 2019 YTD, strategic buyers accounted for 83% 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:

– 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.


Industry Update: Consumer and Retail M&A Update – June, 2019

June, 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:

– 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.


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

June, 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:

– 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.


Industry Update: IT Services M&A Update – June, 2019

June, 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 Systems acquires Worldplay (NYSE: WP) 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 $750 million.

– Huntington Ingalls Industries acquires Fulcrum IT Services for $195 million.