Update: Food and Beverage M&A Update – February, 2025

February, 2025

As of Q4 2024, the median transaction value in Food and Beverage was $31 million. As of Q4 2024, strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

–Roosevelt Resources announced its acquisition of Arcadia Biosciences for $33 million in December 2024.

–PepsiCo announced its acquisition of Sabra Dipping for $241 million in November 2024.

–General Mills closed its acquisition of Whitebridge Pet Brands (Pet Feeding and Treats Business) for $1.4 billion in November 2024.

–Molson Coors Beverage Company closed its acquisition of ZOA Energy for $53 million in November 2024.

–Butterfly Equity Company closed its acquisition of The Duckhorn Portfolio for $1.9 billion in October 2024.

Update: Digital Commerce M&A Update – February, 2025

February, 2025

As of Q4 2024, the median transaction value in Digital Commerce was $147 million. As of Q4 2024, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

–Fleet Feet Incorporated closed its acquisition of South Sound Running at an undisclosed amount in December 2024.

–Fund 1 Investments announced its acquisition of Destination XL Group for $339 million in December 2024.

–Apex Service Partners closed its acquisition of Lumos Listings at an undisclosed amount in November 2024.

–Royal Green Appliances closed its acquisition of Good Deals Appliancesat an undisclosed amount in November 2024.

–Jefferson Capital Systems announced its acquisition of Conn’s (Substantially All of Assets) for $360 million in October 2024.

 

 

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Update: Consumer and Retail M&A Update – February, 2025

February, 2025

As of Q4 2024, the median transaction value in Consumer & Retail was $25 million. As of Q4 2024, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–Highlander Partners closed its acquisition of The ERGO Baby Carrier for $99 million in December 2024.

–Lakeland Industries closed its acquisition of Veridian Limited for $25 million in December 2024.

–Helen of Troy Limited closed its acquisition of Olive & June for $240 million in November 2024.

–Acuity Brands Technology Services closed its QSC for $1.2 billion in October 2024.

–Strategic Value Partners closed its acquisition of Revelyst for $1.3 billion in October 2024.

 

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Update: Automotive M&A Update – February, 2025

February, 2025

As of Q4 2024, the median transaction value in Automotive was $30 million. As of Q4 2024, the strategic buyers accounted for 97% of transactions.

Select recent notable publicly announced M&A transactions:

–Sloane Automotive Group closed its acquisition of Daniels BMW at an undisclosed amount in December 2024.

–M&D Distributors closed its acquisition of Dss Pro Diesel Partners at an undisclosed amount in December 2024.

–Hamaton (Hong Kong) Limited announced its acquisition of Hamaton for $1 million in November 2024.

–American Industrial Acquisition Corporation closed its acquisition of KI (USA) Corporation at an undisclosed amount in November 2024.

–Verde Bioresins announced its acquisition of Nxu at an undisclosed amount in October 2024.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Peakstone Advises EarthWise Pet on Growth Capital Financing

January, 2025. The Peakstone Group, a leading middle market investment bank, today announced that it served as the exclusive financial advisor to EarthWise Pet in connection with its recently completed growth capital financing. The financing was led by BTG Pactual U.S. Private Credit Investments. The Earthwise Pet transaction is one of three pet industry transactions Peakstone has closed in the last 45 days. We continue to see strong investor interest in the large and sustainable pet products and services market.

Michael Seitz, CEO of EarthWise Pet, stated, “We are excited to partner with BTG on this important growth financing for our EarthWise Pet Family of Brands. With this new capital commitment, EarthWise will continue to execute on its dynamic growth strategy and expedite its rollout of mobile pet services across the country. We are appreciative of the work that Peakstone has done for us once again. They ran a comprehensive process that successfully identified the financing partner best positioned for assisting us in our growth strategy.”

Founded on a passion for pets and their well-being, EarthWise Pet stands as an all-inclusive hub for comprehensive pet services and high-quality natural pet supplies. With a strong emphasis on leading-edge technology, pet nutrition, wellness, and sustainable practices, EarthWise Pet integrates modern pet science with an age-old love for animals. The brand is recognized for its best-in-class management team and focus on pet services. EarthWise offers a unique blend of superior products and a community-centric approach, ensuring every pet enjoys a healthier, happier life. Whether it’s through grooming, self-wash, a personalized nutrition consultation or their extensive range of natural products, EarthWise Pet continually sets the gold standard in pet care. The EarthWise Pet Family of Brands includes: EarthWise Pet, GROOMBAR, Nature’s Pet, PET DEPOT, Dee-O-Gee, Bentley’s Pet Stuff, PetPros, Loyal Biscuit, Wags to Whiskers, Furever Naturals, Reserve, and other regional consumer-facing brands.

Terms of the transaction were not disclosed.

For additional information, please contact:

Alex Fridman, Managing Partner, 312-346-7303, alex@peakstone.com

Robert Meyer, Managing Director, 312-489-3030, rmeyer@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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Peakstone Named #1 Investment Bank for 2024 by Axial

January, 2025. We are pleased to announce that Peakstone has been named by Axial as its #1 lower middle market investment bank for 2024. Peakstone has consistently ranked as a top investment bank in Axial’s league tables. Thanks to all of our clients and associates that made this possible. For the news release and additional information, please CLICK HERE.

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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Peakstone Advises Mammoth Pet Products on Sale to SportPet Designs

January, 2025. Peakstone served as exclusive M&A advisor to CB Worldwide Inc. (DBA – Mammoth Pet Products) (“Mammoth”) in connection with its sale to SportPet Designs, LLC (“SportPet”), a portfolio company of Topspin Consumer Partners (“Topspin”). This is Peakstone’s third pet industry transaction closed in the last 60 days, continuing the firm’s long-standing commitment to and success serving business owners in the pet industry.

Mammoth, founded by Charles Byrne in 1995 and based in Mammoth Lakes, CA, designs, manufactures, and distributes innovative, high quality, and interactive branded pet toys. Mammoth is best known for its durable line of Flossy Chew® rope tug toys and Tire Biter® toys.

Mammoth Pet Owner and CEO, Charles Byrne, said, “Peakstone was an incredible asset to have on the sell-side.  Peakstone assisted in all aspects of the transaction from start to finish – finding us a great buyer and navigating through all of the due diligence and legal documentation.  Very much enjoyed the process and could not have done transaction without a sell-side dream team.”

SportPet designs and manufactures a broad range of branded and private label pet durable products including toys, crates, beds, furniture, and feeding accessories. SportPet’s products are available at major retailers such as Walmart, Target, and Petco, as well as easily found online at Amazon, Chewy, and Walmart+.

Topspin Consumer Partners, a private equity firm based in Mamaroneck, New York, specializes in investing in consumer products and services companies.

Terms of the transaction were not disclosed.

For additional information, please contact:

Stephen Sleigh, Managing Partner, 312-771-1471, ssleigh@peakstone.com

Brad Curtis, Operating Advisor, 847-770-1499, bcurtis@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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Michael Ewing joins Peakstone as Managing Director

January, 2025. Michael Ewing is a Managing Director focused on life sciences and bio-pharma outsourced services. His clients provide services to drug developers at every point along the development paradigm, from very early-stage ideation and screening through all phases of pre-clinical testing, animal toxicology and clinical development, data collection and analysis, protocol design, patient recruitment, clinical trial conduct/management, FDA application preparation and submission, regulatory consultation and post-approval commercial manufacturing, packaging, and distribution.

Prior to Peakstone, Mike was a Managing Director at Capstone Partners. In 1996 Mr. Ewing lead the structuring and capitalization of a cross-border joint venture with the Ministry of Public Health of the People’s Republic of China that included the creation of the first Contract Research Organization (CRO) and GLP laboratory in the PRC.

Mr. Ewing spent 11 years with Montrose Group, an incubator/venture capital firm formed to create companies based on disruptive technologies to reform the way in which new drugs were developed. Montrose Group was created in response to the dramatic acceleration of the volume and complexity of drug discovery driven by the discovery of new human disease pathways that followed from the decoding of the human genome and subsequent biological discoveries.

Since 1996 his career has revolved around the drug development paradigm, whether as a banker or investor. He works with innovative, entrepreneurial firms seeking to accelerate the development of therapeutic and diagnostic discoveries that can benefit patients and caregivers by pushing the boundaries of science and medicine. He works to assist clients in implementing strategies to capitalize and provide liquidity to creators of innovative approaches to enhance patients’ well-being.

Mr. Ewing holds a B.A. degree in Mathematics/Economics from Indiana University and a J.D. from the Maurer School of Law at Indiana University, Bloomington. He resides in New Jersey and is an avid skier, sailor and father to three (thankfully) grown children.

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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Peakstone Advises Seedbox Solution on Management Buyout Transaction

January, 2025. Peakstone served as exclusive financial advisor to Seedbox Solution (“Seedbox”) on its management-led buyout transaction. Granite Creek Capital Partners, along with co-investors Hidden River Strategic Capital and Everside Capital Partners, provided investment to support the buyout of Seedbox’s previous majority shareholder and to gain access to significant growth capital.

Headquartered in Gurnee, IL, with operating sites in Good Hope, IL and Shenandoah, IA, Seedbox is a full-service provider of reusable packaging and fleet management solutions to the row crop seed industry with a focus on plastic seed boxes. Seedbox provides seed box washing, repair, & rentals to the agriculture industry.

Matt Dannenfeldt, co-founder and CEO said “We were referred to Peakstone through our accounting firm. They immediately saw what we were about, not just financially but culturally, which we felt was equally important in the type of deal we were seeking. They guided us through a very complicated deal and always had the best interests of the business and management team top of mind. We are excited about our future and we wouldn’t be here without Peakstone navigating this deal for us.”

Terms of the transaction were not disclosed.

For additional information please contact:

Matt Norris, Managing Director, 312-978-9844, mnorris@peakstone.com

Alex Fridman, Managing Partner, 312-346-7303, alex@peakstone.com

Connor Ryan, Associate, 630-363-2601, cryan@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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan

Peakstone Advises Paws Pet Resort on its Sale to Best Friends Pet Care

January, 2025. Peakstone served as the exclusive M&A advisor to Paws Pet Resort in connection with its sale to Best Friends Pet Care, a portfolio company of Mosaic Capital Partners.

Paws Pet Resort, based in Sioux Falls, South Dakota, is a regional, market leading pet resort and services company. Paws Pet Resort has a broad and differentiated service offering that includes boarding, daycare, training, as well as other specialized services. Paws Pet Resort has historically been family-owned and operated.

Founded in 1996, Best Friends Pet Care provides a holistic suite of pet care service offerings, including pet lodging, pet grooming, pet daycare, doggy day camp, a pet retail boutique and training, to its pet parents in more than 52 locations across 20 states.

Founded in 2013, Mosaic Capital Partners is a private equity firm based in Charlotte, North Carolina. The firm seeks to invest in North American lower middle-market companies operating in the manufacturing, business services, consumer, retail, food and beverage, industrials, and healthcare sectors.

Terms of the transaction were not disclosed.

For additional information please contact:

Robert Meyer, Managing Director, 312-489-3030, rmeyer@peakstone.com

Alex Fridman, Managing Partner, 312-346-7303, alex@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.

 

Securities offered through Peakstone Securities, LLC member FINRA/SIPC. All investments involve market risks, including the loss of principal. Past performance does not guarantee future results. Information on this website is not intended to be a recommendation or specific investment advice. Securities or companies mentioned are for illustrative purposes only and are not a recommendation to buy or sell. Investment decisions should be made based on an individual’s objectives and risk tolerance. Information on this website is intended for US residents only and does not constitute an offer to buy or sell securities in any jurisdiction to whom it is not lawful to make such an offer. Peakstone Securities, LLC is registered as a broker-dealer in the following states: Click here to see licensed states. The information provided does not constitute an offer to buy or sell in any jurisdiction to whom it is not lawful to make such an offer.
Business Continuity Plan