Peakstone Publishes Industry Reports

June, 2020. Peakstone has published twelve 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. Continue reading


Update: Warehousing, Transportation and Logistics M&A Update – June, 2020

June, 2020

In 2019, strategic buyers have accounted for 88% of Warehousing, Transportation and Logistics M&A transactions with financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 81% of the transactions.

Select recent notable publicly announced M&A transactions:

– Costco acquires Innovel for $1 billion.

– Lineage acquires Emergentcold for $900 million.

– Brookfield acquires G&W for $9.5 billion.

– Odyssey acquires American Fast Freight for $465 million.

– ATSG acquires Omni Air International for $845 million.

 


Update: Pet M&A Update – June, 2020

June, 2020

In 2019 YTD, strategic buyers accounted for 82% of Pet M&A transactions while financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 97% of the transactions.

Select recent notable publicly announced M&A transactions:

– Sergeant’s acquired PetIQ for approximately $185 million.

– Smucker’s acquired Ainsworth for approximately $1.9 billion.

– Hines Resource Group acquired Spectrum Brands for approximately $2.3 billion.

– General Mills, Inc. acquired Blue Buffalo Pet Products, Inc. for approximately $8.3 billion.

– The Riverside Company acquired Petstages for an undisclosed amount.

– The Riverside Company acquired Bionic for an undisclosed amount.


Update: E-Commerce M&A Update – June, 2020

June, 2020

Through 2019 YTD, strategic buyers accounted for 84% of the E-Commerce M&A transactions while financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– Apollo acquired Shutterfly for approximately $2.9 billion.

– Quarate Retail Group acquired HSN for approximately $1.8 billion.

– Nutrisystem acquired Tivity Health for approximately $1.4 billion.

– Etsy acquired Reverb for approximately $275 million.

– World Group acquired Original Stitch for approximately $22 billion.

– Snapfish acquired Cafe Press for approximately $26 million.


Update: Industrials and Manufacturing M&A Update – June, 2020

June, 2020

In 2019 YTD, strategic buyers accounted for 89% of Industrials and Manufacturing M&A transactions while financial buyers making up the difference. During 2018, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– Americold Realty Trust acquired Chiller Holdco for approximately $1.2 billion.

– Waste Management acquired Advanced Disposal Services for approximately $4.9 billion.

– Hitachi acquired JR Automation Technologies for approximately $1.4 billion.

– Advanced Drainage Systems acquired Infiltrator Water Technologies for approximately $1 billion.

– Hudson Products Corporation acquired Air-X-Changers for approximately $592 million.

– Harsco acquired The Compass Group for approximately $628 billion.


Update: Technology and Software M&A Update – June, 2020

June, 2020

For 2019 YTD, strategic buyers accounted for approximately 92% of Technology M&A transactions. During 2018, strategic buyers accounted for 92% of the transactions.

Select recent notable publicly announced M&A transactions:

– Roper acquired iPipeline for $1.6 billion.

– Salesforce acquired Tableu for $17.3 billion.

– Global Payments acquired TSYS for approximately $26.7 billion.

– FIS acquired WorldPay for $43.6 billion.

– Fiserv acquired First Data for approximately $41.7 billion.


Update: Consumer and Retail M&A Update – June, 2020

June, 2020

For 2019, strategic buyers accounted for 59% of Consumer and Retail M&A transactions. During 2018, strategic buyers accounted for 69% of the transactions.

Select recent notable publicly announced M&A transactions:

– Perrigo Company entered an agreement to acquire Ranir for $750 million.

– Tivity Health acquired Nutrisystem for $1.4 billion.

– Platinum Equity acquired Jostens for $1.3 billion.

– ARG Holdings acquired Sonic for $2.3 billion.

– Vintage Investment Partners acquired Rent-A-Center for $1.3 billion.

– Marriott Vacations Worldwide Corp. acquired ILG Inc. for about $5.8 billion.

– Tenneco acquired Federal-Mogul for $5.4 billion.

– Peakstone advises Erehwon Mountain Outfitter on sale of company to Camping World Holdings, Inc. (NYSE:CWH) for an undisclosed amount.

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

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– BPS Direct, L.L.C. acquired Cabela’s Incorporated (NYSE:CAB) for approximately $8.67 billion.

– Circle K Stores Inc. acquired CST Brands, Inc. (NYSE:CST) for approximately $6.09 billion.

– Rye Parent Corp. acquired Panera Bread Company (NasdaqGS:PNRA) for approximately $7.66 billion.


Update: Packaging M&A Update – June, 2020

June, 2020

For 2020 YTD, strategic buyers accounted for 100% of the Packaging M&A transactions.  During 2019, strategic buyers accounted for approximately 90% of the transactions while financial buyers made up the difference.

Select recent notable publicly announced M&A transactions:

– Cerberus Capital Management acquires Closure Systems International for $615 million.

– Graanul Invest acquires German Pellets for $63 million.

– One Madison Corporation acquires Ranpak Corp. for $959 million.

– Aptar acquires CSP Technologies for $548 million.

– Amcor acquires Bemis for $6.8 billion.


Update: Infrastructure M&A Update – June, 2020

June, 2020

Select recent notable publicly announced M&A transactions:

– Aurora Capital Partners acquired Petroleum Services Corporation for $335 million.

– Brookhaven Capital Partners acquired Pioneer Railcorp for $72 million.

– IFM Investors acquired Buckeye Partners for $10.5 billion.

– DP World acquired Fraser Surrey Docks. Terms were not disclosed.

– MPLX acquired Andeavor Logistics for $3.3 billion.

– Macquarie acquired Long Beach Container Terminal for $1.8 billion.

– J.P. Morgan Asset Management acquired a stake in Nieuport Aviation Infrastructure Partners GP, the owner and operator of the passenger terminal at Billy Bishop Toronto City Airport. Terms were not disclosed.

– Blackstone acquired Tallgrass Energy for $3.2 billion.


Update: Automotive M&A Update – June, 2020

June, 2020

For 2019, strategic buyers accounted for 87% of Automotive M&A transactions. During 2018, strategic buyers accounted for 86% of the transactions.

Select recent notable publicly announced M&A transactions:

– Autokinition acquired Tower International for $1.2 billion.

– Allison Transmission Holdings, Inc. acquired the electric vehicle systems division from AxleTech International Holdings for approximately $120 million.

– Constellium acquired UACJ for $140 million.

– 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.