Update: Industrials and Manufacturing M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in Industrials and Manufacturing was $58 million. As of Q 2 2024, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–Honeywell International announced its acquisition of Cobham Advanced Electronic Solutions for $1.9 billion in June 2024.

–nVent Electric announced its acquisition of Trachte for $695 million in June 2024.

–Waste Management announced its acquisition of Stericycle for $7.8 billion in June 2024.

–EnerSys Advanced Systems announced its acquisition of Bren-Tronics for $208 million in May 2024.

–Prysmian closed its acquisition of Encore Wire Corporation for $4.8 billion in April 2024.

Update: Healthcare M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in healthcare was $50 million. As of Q 2 2024, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

–ANI Pharmaceuticals announced its acquisition of Alimera Sciences for $400 million in June 2024.

–GSK closed its acquisition of Elsie Biotechnologies for $50 million in June 2024.

–Nordson Medical Corporation announced its acquisition of Atrion Corporation for $815 million in May 2024.

–Novartis AG announced its acquisition of Mariana Oncology for $1.8 billion in May 2024.

–Johnson & Johnson closed its acquisition of Shockwave Medical for $13.9 billion in April 2024.

Update: Food and Beverage M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in Food and Beverage was $31 million. As of Q 2 2024, strategic buyers accounted for 89% of transactions.

Select recent notable publicly announced M&A transactions:

–Argonautic Ventures announced its acquisition of Benson Hill for $131 million in June 2024.

–Lassonde Industries announced its acquisition of Summer Garden Food Manufacturing for $280 million in June 2024.

–Adventures Capital closed its acquisition of Pruvit Ventures for $107 million in June 2024.

–Above Food Ingredients announced its acquisition of GoodWheat for $4 million in May 2024.

–Glanbia closed its acquisition of Flavor Producers for $355 million in April 2024.

Update: Digital Commerce M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in Digital Commerce was $43 million. As of Q 2 2024, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

–Barnes & Noble Booksellers announced its acquisition of Tattered Cover Book Store for $2 million in June 2024.

–IQVentures Holdings announced its acquisition of The Aaron’s Company for $1.1 billion in June 2024.

–1-800-FLOWERS.COM closed its acquisition of Card Isle Corporation for $4 million in May 2024.

–JD Sports Fashion announced its acquisition of Hibbett for $1.5 billion in April 2024.

–Nina Footwear announced its acquisition of Kidpik for $36 million in April 2024.

Update: Consumer and Retail M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in Consumer & Retail was $16 million. As of Q 2 2024, strategic buyers accounted for 91% of transactions.

Select recent notable publicly announced M&A transactions:

–Heidmar announced its acquisition of MGO Global for $330 million in June 2024.

–FULLBEAUTY Brands announced its acquisition of Avenue Online for $12 million in June 2024.

–Barnes & Noble Booksellers announced its acquisition of Tattered Cover Book Store for $2 million in June 2024.

–IQVentures Holdings announced its acquisition of The Aaron’s Company for $1.1 billion in June 2024.

–Zinzino AB announced its acquisition of Zurvita Holdings for $17 million in June 2024.

Update: Automotive M&A Update – September, 2024

September, 2024

As of Q 2 2024, the median transaction value in Automotive was $22 million. As of Q 2 2024, the strategic buyers accounted for 99% of transactions.

Select recent notable publicly announced M&A transactions:

–Withers Automotive Worldwide closed its acquisition of Eddie Gilstrap Motors for $10 million in June 2024.

–Penske Commercial Vehicles closed its acquisition of River States Truck & Trailer at an undisclosed amount in June 2024.

–Hallmark Automotive Group closed its acquisition of Jim Burke Automotive for $40 million in May 2024.

–Hyundai Motor Company closed its acquisition of Motional Ad for $448 million in May 2024.

–ECD Automotive Design closed its acquisition of Brand New Muscle Car (Certain Assets) for $1 million in April 2024.

Michael Williams joins Peakstone as Managing Director

September, 2024. Michael Williams is a Managing Director at The Peakstone Group where he is responsible for transaction origination and execution. Michael has more than 20 years of investment banking experience, and has completed over 50 M&A advisory assignments for middle market and large capitalization clients, mostly in the diversified industrial, manufacturing, and food processing and distribution sectors.

Prior to joining Peakstone, Michael was a Managing Director with G2 Capital Advisors focused on sell-side and buy-side mergers and acquisitions, working on US and cross border transactions. Previously, Michael was with Harris Williams focused on sell-side M&A, and began his investment banking career in Citigroup’s M&A advisory group.

Michael earned an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia and a B.A. in Economics from Boston College.

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.

Al Samouelian joins Peakstone as Managing Director in Transportation & Logistics

September, 2024. Al Samouelian, a highly experienced Logistics industry executive, joins Peakstone Group as a Managing Director.

Al has over 25 years of operational, transactional, and senior leadership experience in the Logistics industry. Al has led buy-side and sell-side transactions with American Backhaulers, C.H. Robinson Worldwide, Universal Truckload Services, Coyote Logistics and, most recently, RPM Vehicle Systems. He led teams delivering exceptional top and bottom-line growth and were often recognized by Inc Magazine’s: ‘Fastest Growing Companies in America’. Al has worked with key clients in the Food & Beverage, Building/Construction, Paper/Packaging, and Automotive Industries. Al’s in-depth experience and knowledge of the market, systems, processes, and players position him as a unique strategic advisor to Peakstone’s logistics industry clients.

Al has a Bachelor of Science degree in Finance from Michigan State University and earned an MBA at the University of Notre Dame.

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.

Peakstone Advises Pacific Paper Tube Inc. on its sale to Sky Island Capital

July, 2024. Pacific Paper Tube, based in Stockton, California, is a leading, multi-facility manufacturer in the paper tube and core industry. PPT has successfully serviced a variety of end markets with paper cores, protective packaging, and construction tubes. The Company has historically been family funded and operated, and the sale marks PPT’s first institutional capital partner.

Pacific Paper Tube’s Chairman, Patrick Wallace, said, “PPT has grown from a small start-up to the largest independent tube and core manufacturer west of the Mississippi River thanks to the hard work of our employees at our four operating facilities. With support from Sky Island, we are excited to accelerate our growth. Many thanks to our advisors at Peakstone for successfully guiding us to this next chapter of growth.”

Sky Island Capital provided equity capital for the transaction. Sky Island Capital’s Principal, Cord Walker, said “We are excited to have Pacific Paper Tube as our first platform investment in Sky Island’s second fund. Under the ownership of the Wallace family, Pacific Paper Tube has demonstrated impressive growth and geographic expansion over its 35+ year history, and we are proud to partner with the founding family and their management team to drive the Company to new heights under our combined leadership.”

Peakstone served as PPT’s exclusive M&A advisor. Carney Badley Spellman, P.S. served as PPT’s legal counsel.

For additional information please contact:

Nick Clementi, Managing Director, nclementi@peakstone.com

Brad Lehl, Managing Director, blehl@peakstone.com

Michael Dobin, Analyst, mdobin@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 served as exclusive financial advisor to Pacific Paper Tube, LLC

July, 2024. Peakstone served as exclusive financial advisor to Pacific Paper Tube, LLC in connection with the Company’s purchase of the paper tube and core division of Hytech Paper Products, Inc. (“Hytech”).

Pacific Paper Tube, based in Stockton, California, is a leading, multi-facility manufacturer in the paper tube and core industry.  PPT has successfully serviced a variety of end markets with cores, protective packaging, and construction tubes. The Company has a strong history of acquisitions and successful geographic expansion.  The Hytech acquisition will further the Company’s existing opportunities in the British Columbia market.

Hytech Paper Products is a British Columbia based manufacturer of paper products including paper tubes and cores, paper rolls, and protection board.  PPT and Hytech had a history of partnership in the industry.

Pacific Paper Tube’s Chairman, Patrick Wallace, said, “PPT has grown from a small start-up to the largest independent tube and core manufacturer west of the Mississippi and the Hytech acquisition will help us continue growing our market share in the industry, the northwestern U.S. market, and more specifically the British Columbia market.”

Peakstone served as PPT’s M&A advisor. Carney Badley Spellman, P.S. served as PPT’s legal counsel.

For additional information please contact:

Nick Clementi, Managing Director, nclementi@peakstone.com

Brad Lehl, Managing Director, blehl@peakstone.com

Michael Dobin, Analyst, mdobin@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.