Update: Food and Beverage M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Food & Beverage was $25 million. For 2022 YTD, the strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– House Foods America Corporation announced its acquisition of Keystone Natural Holdings for $110 million in September 2022.

– Kerry Group announced its acquisition of B2B Powdered Cheese Business and Related Assets of The Kraft Heinz Company for $108 million in August 2022.

– InvestIndustrial closed its acquisition of Significant Portion of Meal Preparation business of TreeHouse Foods for $950 million in August 2022.

– Del Monte Foods closed its acquisition of Certain Assets Associated with the Kitchen Basics Brand of Ready-to-use Stock and Broth of McCormick for $99 million in August 2022.

– Mondelez International announced its acquisition of Clif Bar & Company for $2.9 billion in June 2022.

Update: Digital Commerce M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Digital Commerce was $5 million. For 2022 YTD, the strategic buyers accounted for 96% of transactions.

Select recent notable publicly announced M&A transactions:

– JM Bullion announced its acquisition of Certain Assets of BGASC for $5 million in August 2022.

– Sterling Jewellers closed its acquisition of Blue Nile for $398 in August 2022.

– Emerald Holding closed its acquisition of Bulletin for $9 in July 2022.

– Grove closed its acquisition of Cygnet Online for $6 in April 2022.

– Betterware de Mexico closed its acquisition of Operations in Mexico and The United States of Jafra S.A. for $255 million in January 2022.

Update: Consumer and Retail M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Consumer & Retail was $27 million. For 2022 YTD, the strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– BioSculpture Technology announced its acquisition of Spirits Time International for $133 million in September 2022.

– Coliseum Capital Management announced its acquisition of Purple Innovation for $378 million in September 2022.

– Oxford Industries closed its acquisition of Johnny Was for $270 million in September 2022.

– GPM Transportation Company; GPM Southeast; GPM Investments; GPM Empire; GPM Petroleum announced its acquisition of Assets of Transit Energy Group for $383 million in September 2022.

– Golftec Enterprises announced its acquisition of SkyTrak for $65 million in August 2022.

Update: Automotive M&A Update – November, 2022

November, 2022

For 2022 YTD, the median transaction value in Automotive was $31 million. For 2022 YTD, the strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

– GPM Transportation Company; GPM Southeast; and others announced its acquisition of Assets of Transit Energy Group for $383 million in September 2022.

– Mullen Automotive closed its acquisition of Bollinger Motors for $57 million in September 2022.

– Mullen Automotive closed its acquisition of Bollinger Motors for $11 million in September 2022.

– Dorman Products closed its acquisition of SuperATV for $590 million in August 2022.

– Hagerty closed its acquisition of Broad Arrow Group for $65 million in August 2022.

Peakstone Advises EarthWise Pet on Financing for its Acquisition of 42 Franchise Locations and Independently Branded Stores

November, 2022. Peakstone served as exclusive financial advisor to Earthwise Pet arranging financing for EarthWise Pet’s acquisition of 42 franchise locations and independently branded stores. With this acquisition, EarthWise Pet expands to over 170 locations, of which approximately 75% are franchisee-owned and 25% are corporate-owned.

EarthWise Pet is a premier pet services platform with a 40+ year track record of providing brand-focused all-natural pet food, eco-friendly toys and supplies, and grooming and daycare services.

“We are well-positioned for strong organic and acquisition growth. In addition to our core and rapidly growing franchise base, we are leveraging our organization and network to pursue additional accretive acquisitions, enabling us to execute on our broader pet services strategy,” stated Mike Seitz, Earthwise Pet’s CEO.

Terms of the transaction were not disclosed.

For additional information please contact:

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

Stephen Sleigh, Managing Partner, 312-346-7318, ssleigh@peakstone.com

Noah Robles, Senior Analyst, 305-494-2035, nrobles@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 Advises Sales Empowerment Group on its sale to RFE Investment Partners

October, 2022. Peakstone served as exclusive M&A advisor to Sales Empowerment Group, LLC in connection with its sale to RFE Investment Partners.Founded in 2009 and headquartered in Chicago, SEG has helped more than 500 companies across various end markets accelerate revenue growth through its unique hands-on approach. SEG offers a full suite of services including outsourced business development and marketing resources, talent acquisition, sales training, sales technology, sales DNA assessments and marketing services, as well as consulting services through fractional CROs and CMOs.Brian O’Neil, CEO of SEG noted, “We engaged Peakstone to find a partner that understood our industry, how the SEG model works, and could provide the necessary resources/capital to accelerate our growth even faster. Peakstone conducted a very thorough process and with their strong advice, hard work, patience, and persistence we were able to complete a transaction with an ideal partner in RFE Investment Partners.”Bill Bronander, Principal of RFE said, “RFE is excited to partner with Brian and the SEG management team. The Company has a clear and unique value proposition helping middle market firms accelerate their revenue growth across a wide range of industries.”Terms of the transaction were not disclosed.For additional information please contact:

Peter Melloni, Managing Director, 630-664-3457, pmelloni@peakstone.comJeff Temple, Managing Director, 312-346-7301, jtemple@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.About Sales Empowerment Group

SEG is a sales and marketing execution firm providing services that drive revenue growth. The Company uses a strategic, time-tested approach, and works with its clients to create a sales-focused culture that helps grow revenue faster. SEG serves a variety of middle-market and larger companies in manufacturing, logistics, healthcare, technology, professional services, and other sectors. For more information, visit www.salesempowermentgroup.com.About RFE Investment Partners

RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market-leading middle-market companies. RFE is currently investing out of Fund IX. For more information, visit www.rfeip.com.

Peakstone Recognized as a Top Lower Middle Market Consumer Advisory Firm

September 2022. We are pleased to announce that Axial named Peakstone as one of Axial’s top Lower Middle Market Consumer 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.

Peakstone Advises Medical Device Company on Sale Transaction

Peakstone Publishes Industry Reports

July, 2022. Peakstone’s industry reports can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client. Please contact us for additional information about our services.

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Update: Packaging M&A Update – July, 2022

July, 2022

In first half of 2022, the median transaction value in Packaging decreased to $123 million. In Q1 2022, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– An unknown buyer closed its acquisition of Transit Packaging’s Kiwiplan business of Crown Holdings for $182 million in April 2022.

– Intertape Polymer Group closed its acquisition of Substantially All of Operating Assets of Syfan Manufacturing for $18 million in March 2022.

– Durango Mckinley Paper Company closed its acquisition of Midwest Paper Group for $204 million in February 2022.

– SIG Group closed its acquisition of Scholle IPN Corporation for $1.8 billion in February 2022.

– Gulf Refined Packaging closed its acquisition of Flexible Packaging Joint Venture of Greif for $123 million in January 2022.