Update: Packaging M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Packaging was $135 million. In Q1 2023, strategic buyers accounted for 86% of transactions.

Select recent notable publicly announced M&A transactions:

– Burlington Capital Partners closed its acquisition of Martin Pallet at an undisclosed value in March 2023.

– Welch Packaging Group closed its acquisition of Nashville Boxat an undisclosed value in March 2023.

– Mill Rock Packaging Partners closed its acquisition of Keystone Paper & Box Company at an undisclosed value in February 2023.

– Imperial Dade Intermediate Holdings closed its acquisition of Focus Packaging and Supply Company at an undisclosed value in February 2023.

– S. Walter Packaging Corporation closed its acquisition of Pulver Packaging at an undisclosed value in January 2023.


Update: Infrastructure M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Infrastructure was $42 million. In Q1 2023, strategic buyers accounted for 87% of transactions.

Select recent notable publicly announced M&A transactions:

– Ontario Teachers’ Pension Plan Board closed its acquisition of Sweetwater Royalties for $222 million in March 2023.

– Ta Chen International closed its acquisition of TCI Texarkana for $100 million in March 2023.

– KLX Energy Services Holdings closed its acquisition of Greene’s Energy Group for $34 million in March 2023.

– Marathon Petroleum Corporation closed its acquisition of LF Bioenergy for $100 million in March 2023.

– Builders First Source closed its acquisition of Noltex Holdings for $83 million in February 2023.


Update: Industrials and Manufacturing M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Industrials and Manufacturing was $45 million. In Q1 2023, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– Distribution Solutions Group announced its acquisition of HISCO for $282 million in March 2023.

– TransDigm Group Incorporated announced its acquisition of Calspan Corporation for $725 million in March 2023.

– HNI Corporation announced its acquisition of Kimball International for $563 million in March 2023.

– Greif closed its acquisition of Centurion Container for $145 million in March 2023.

– Clean Harbors announced its acquisition of Thompson Industrial Services for $100 million in March 2023.


Update: Healthcare M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in healthcare was $30 million. In Q1 2023, strategic buyers accounted for 97% of transactions.

Select recent notable publicly announced M&A transactions:

– Fall Line Endurance Fund announced its acquisition of GreenLight Biosciences Holdings for $179 million in March 2023.

– TM Strategic Capital Equity; TM Strategic Capital Debt closed its acquisition of Tactical Medical Solutions for $106 million in March 2023.

– Echo Lake Capital announced its acquisition of Quince Therapeutics for $60 million in March 2023.

– Concentra Biosciences announced its acquisition of Jounce Therapeutics for $108 million in March 2023.

– WW International announced its acquisition of Weekend Health for $131 million in March 2023.


Update: Food and Beverage M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Food and Beverage was $23 million. In Q1 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

– Malteries Soufflet SAS announced its acquisition of United Malt Group Limited for $1.5 billion in March 2023.

– Longpoint Realty Partners closed its acquisition of Cardenas Markets for $23 million in March 2023.

– Starco Brands closed its acquisition of Soylent Nutrition for $29 million in February 2023.

– AgriFORCE Growing Systems announced its acquisition of Berry People for $28 million in January 2023.

– Macay Holdings closed its acquisition of Royal Crown Company for $46 million in January 2023.


Update: Digital Commerce M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Digital Commerce was $19 million. In Q1 2023, strategic buyers accounted for 95% of transactions.

Select recent notable publiclyannounced M&A transactions:

– An undisclosed buyer announced its acquisition of Franchise Group for $3.8 billion in March 2023.

– IXL Learning closed its acquisition of Teacher Synergy at an undisclosed value in March 2023.

– SKYX Platforms announced its acquisition of Belami for $33 million in February 2023.

– 1-800-FLOWERS.COM closed its acquisition of Things Remembered for $5 million in January 2023.

– New Wave Innovations announced its acquisition of Boatzon Holdings at an undisclosed value in January 2023.


Update: Consumer and Retail M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Consumer & Retail was $17 million. In Q1 2023, strategic buyers accounted for 96% of transactions.

Select recent notable publicly announced M&A transactions:

– Crown Crafts closed its acquisition of Manhattan Group for $17 million in March 2023.

– An undisclosed buyer announced its acquisition of Franchise Group for $3.8 billion in March 2023.

– Perdoceo Education Corporation closed its acquisition of Coding Dojo for $81 million in February 2023.

– Dayou Plus announced its acquisition of Winia Electronics America for $16 million in February 2023.

– UniFirst Corporation closed its acquisition of Clean Uniform Company for $300 million in February 2023.


Update: Automotive M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Automotive was $26 million. In Q1 2023, the strategic buyers accounted for 100% of transactions.

Select recent notable publicly announced M&A transactions:

– Fletcher Jones Automotive Group closed its acquisition of Carson Toyota for $49 million in February 2023.

– FOX Factory announced its acquisition of Custom Wheelhouse for $132 million in February 2023.

– Shell Oil Company closed its acquisition of Volta for $270 million in January 2023.

– First Brands Group closed its acquisition of Horizon Global Corporation for $408 million in January 2023.

– Royal Truck & Trailer Sales and Service closed its acquisition of Hudsonville Truck and Trailer Service at an undisclosed value in January 2023.


Peakstone Advises Forefront Packaging: Leading provider of outsourced packaging services for blue-chip food manufacturers

April, 2023. Peakstone served as exclusive M&A advisor to Food Packaging Consultants, Inc. (dba ForeFront Packaging) in connection with its sale to Drost Investment Group, LLC.Founded in 2004, ForeFront is a leading provider of outsourced packaging services, primarily serving blue chip manufacturers of various food products. Customers are highly reliant on ForeFront’s unique combination of services including:  i) Packaging product selection/sourcing/design & labeling, ii) Stocking/warehousing/distribution operations, and iii) Complete supply chain management (including production planning and forecasting) for products provided.Laura (Boucher) Miller, CEO and founder of ForeFront noted, “We engaged Peakstone to find a partner that understood our unique value-added business model, and who also brought additional skills and capital to accelerate our growth. Peakstone conducted a very thorough process and with their advice, patience, and hard work we were able to complete a transaction with a great partner – Drost Investment Group.”Charlie Drost, Principal of Drost Investment Group said, “We are excited to partner with Laura and the ForeFront management team. The Company has a clear and unique value proposition helping both food and non-food manufacturing companies with their highly important packaging needs.”

Terms of the transaction were not disclosed.For additional information please contact:

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. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.


Peakstone Recognized as Top Software M&A Advisor

March 2023. We are pleased to announce that Axial named Peakstone as one of Axial’s top Software M&A Advisors. 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.