August, 2018. Peakstone served as exclusive M&A advisor to Block and Company, Inc. in connection with its sale to Speyside Equity. Founded in 1934 in Wheeling, IL, Block is a leading manufacturer and distributor of cash handling, document security, and office supply products in North America. The Company manufactures and sources 7,000+ product SKUs to serve a wide range of domestic and international customers.
“We have been very proud and grateful to have had the privilege to carry on the outstanding legacy created by our parents, Grace and Mitchell Block,” said Kenneth Block. “We are thankful to our entire workforce for their dedication to the operation of our business. In particular, we thank our executive team and Peakstone, our investment bankers, for their thoughtful, focused determination to achieve a successful transaction.”
Eric Wiklendt, Operating Partner for Speyside commented, “We are excited to add Block to our portfolio of metal forming companies. The talents of Block’s employees and the unique capabilities of its facilities will significantly improve the ability of our portfolio companies’ abilities to service customers. The acquisition of Block pushes the combined revenues of Speyside’s steel fabrication companies over $100 million, and further strengthens the platform for future growth.”
Speyside Equity is an operationally focused private equity firm that has been investing in manufacturing-related businesses since 2005. The firm is based in Ann Arbor, MI.
Terms of the transaction were not disclosed.
For additional information please contact the following:
Steve Royko, Managing Director, 608-236-4490, firstname.lastname@example.org
Stephen Sleigh, Managing Partner, 312-346-7318, email@example.com
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.