Peakstone Closed Deal Announcement- Gourmet Gift Concepts Sold to Hickory Farms

Peakstone served as exclusive M&A advisor to Gourmet Gift Concepts in connection with its sale to Hickory Farms, a portfolio company of Modjule LLC, a private equity and venture capital firm.

 

 

Terms of the transaction were not disclosed.

For additional information please contact the following:

Nicholas Clementi, Managing Director, 312-346-7300, nclementi@peakstone.com

Eric Dziedzic, Managing Director, 312-346-7314, eric@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- Lamination Specialties Corporation Sold to Union Partners

March, 2018. Peakstone served as exclusive M&A advisor to Lamination Specialties Corporation (“LSC” or the “Company”) in connection with its sale to Union Partners. Founded in 1956 in Chicago, IL, LSC is a leading value-added North American manufacturer of electrical steel laminations for a variety of industries and applications. The Company’s state-of-the-art manufacturing facilities and broad product portfolio serve a wide range of domestic and international customers.

Union Partners is a hands-on, full-service metals and logistics company with integrated facilities located throughout the United States providing steel service centers and distribution, metals processing and logistics services. Founded by families with multi-generational experience in steel, real estate, and logistics, Union Partners prides itself on combining the integrity of family-owned businesses with the innovation of entrepreneurial ventures.

“Peakstone’s thoughtful guidance and dedication throughout the entire process were critical to achieving a very successful outcome that met all of our transaction objectives,” noted Mike Gibney, CEO of LSC. “We are excited about our new partnership with Union Partners and look forward to continuing to execute LSC’s strategic growth initiatives.”

Union Partners 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

Cathy Jaros, Managing Director, 312-262-7735, cjaros@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

February, 2018. Peakstone has published eleven 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

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: Technology & Software M&A Update – February, 2018

February, 2018

In 2017, Technology and Software transactions beat the 2016 volume and traded at significantly higher multiples compared to 2016.

Select recent notable publicly announced M&A transactions:

– Oracle Corporation (NYSE:ORCL) acquired Netsuite inc. for approximately $7.08 billion.

– Verizon Communications inc. (NYSE:VZ) acquired Yahoo! Inc., Operating business for approximately $4.48 billion.

– Micro Focus International PLC (LSE:MCRO) acquired Hewlett Packard enterprise company, software business for approximately $8.73 billion.

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

Industry Update: IT Services M&A Update – February, 2018

February, 2018

In 2017, 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:

– Silver Lake and P2 Capital Partners, LLC acquired Blackhawk Network Holdings, Inc. (Nasdaq GS:HAWK) for approximately $4 billion.

– SS&C Technologies Holdings, Inc. (Nasdaq GS:SSNC) acquired DST Systems, Inc. (NYSE:DST) for approximately $5.8 billion.

– Total System Services, Inc. (NYSE:TSS) acquired Cayan LLC for approximately $1 billion.

– Iron Mountain Incorporated (NYSE:IRM) acquired IO Data Centers, LLC for approximately $1.3 billion.

Industry Update: Industrials & Manufacturing M&A Update – February, 2018

February, 2018

In 2017, strategic buyers accounted for 88% of the Industrials and Manufacturing M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 87% of the transactions.

Select recent notable publicly announced M&A transactions:

– Northrop Grumman (NYSE:NOC) announced that it will be buying Orbital ATK (NYSE:OA) for $7.8 billion.

– United Technologies Corp. (NYSE: UTX) (“UTC”) and Rockwell Collins, Inc. (NYSE: COL) for approximately $31 billion.

– Jacobs Engineering Group Inc. (NYSE: JEC) acquired CH2M for approximately $3.4 billion.

– Apollo Global Management LLC (NYSE: APO) acquired West Corp for approximately $5.1 billion.

Industry Update: E-Commerce M&A Update – February, 2018

February, 2018

In 2017, strategic buyers accounted for 91% of the E-Commerce M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 93% of the transactions.

Select recent notable publicly announced M&A transactions:

– Albertsons Companies acquired Plated for approximately $300 million.

– QVC Group (NasdaqGS:QVCA) acquired HSN, Inc. (NasdaqGS:HSNI) for approximately $1.83 billion.

–  Bain Capital Private Equity, LP; Bow Street, LLC acquired Blue Nile, Inc. for approximately $500 million.

–  Bed Bath & Beyond Inc. (NasdaqGS:BBBY) acquired PersonalizationMall.com, Inc. for approximately $190 million.

Industry Update: Food and Beverage M&A Update – February, 2018

February, 2018

For 2017, total U.S. F&B announced transactions of 431 deals, exceeding 2016 levels of 380.

Select recent notable publicly announced M&A transactions:

– Keurig acquired Dr Pepper Snapple Group for approximately $18.7 billion.

– Campbell’s acquired Snyder Lance for approximately $6.1 billion.

– Peakstone advises Market Fresh Produce on sale of company to Marquette Capital Partners for an undisclosed amount.

– Kellogg’s acquired Chicago Bar Company for approximately $600 million.

– Peakstone advises Labriola on sale of company to J&J Snack Foods for an undisclosed amount.

– Amazon.com, Inc. (NasdaqGS:AMZN) acquired Whole Foods Market, Inc. for approximately $14.62 billion.

– Peakstone advises PepperJax Grill on sale of company to TA Associates for an undisclosed amount.

– Peakstone advises Clearbrook Farms on sale of company to Glencoe for an undisclosed amount.

Industry Update: Restaurant Industry Insight Spotlight on Fast Casual – February, 2018

February, 2018

For announced transactions, Restaurant multiples saw a modest increase from 9.6x EBITDA in 2016 to 10.8x EBITDA in 2017.

Select recent notable publicly announced M&A transactions:

– Apollo acquired Qdoba for approximately $305 million.

– Arby’s Restaurant Group Inc. acquired Buffalo Wild Wings Inc. for approximately $2.9 billion.

– NRD Capital Management, LLC acquired Ruby Tuesday, Inc. for approximately $360 million.

– L Catterton acquired Uncle Julio’s Corporation for an undisclosed sum.

– FAT Brands Inc. acquired Homestyle Dining, LLC for approximately $10 million

– J. Alexander’s LLC acquired Ninety Nine Restaurant, Inc. for approximately $200 million.

Industry Update: Automotive M&A Update – February, 2018

February, 2018

For 2017, strategic buyers accounted for 89% of the automotive 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:

– 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.