Unlocking Hidden Value, Mitigating Risk

SRG delivers exceptional M&A advisory tailored to the retail and CPG sectors — combining strategic foresight, operational rigor, and deep industry knowledge to guide you through every stage of the deal lifecycle.

Strategic Guidance & Deal Preparation

Define your market with precision.

From early targeting to transaction close, SRG identifies untapped potential and creates a clear roadmap for value creation:

Target screening and opportunity evaluation
Comprehensive value mapping
Competitive and market benchmarking

Due Diligence & Legal Risk Assessment

Manage risk with precision.

Our diligence process goes far beyond spreadsheets—we examine the structural, operational, and financial underpinnings of the deal:

Operational deep dives
Financial scrutiny and margin analysis
Legal and regulatory vetting

Transaction & Negotiation Support

Secure optimal terms.

We partner with clients through every negotiation phase—providing real-time insight on deal structure, value capture, and long-term impact:

Deal structuring and scenario modeling
Term sheet and contract counsel
Competitive defense preparation

Post-Merger Integration & Transformation

Make synergy a reality.

After the deal closes, SRG helps activate the value. Whether integrating or separating assets, we guide teams through change with clarity and control:

Cultural and organizational alignment
Systems and process integration
Marketing and brand strategy consolidation
ROI tracking and performance benchmarking
Spin-off and divestiture support

Case study: Casey’s General Stores Hostile Takeover Defense

Casey’s General Stores faced two hostile takeover bids, one from Alimentation Couche-Tard and another from Seven & i Holdings (7-Eleven’s parent company). Investment bank advice valued the company at $28 per share, leaving leadership under pressure to sell.

Solution:: SRG conducted exhaustive competitive research across Canada, 26 U.S. states, and Asia, benchmarking Casey’s performance against the bidders. SRG’s evidence demonstrated that Casey’s was fundamentally stronger and worth at least $100 per share. SRG worked closely with Cravath, Swaine & Moore LLP and Casey’s board to craft the defense strategy.

Outcome:: Casey’s rejected the bids and preserved its independence. The company’s stock has since grown from $32 to $460 per share (+428%), becoming Iowa’s largest employer and the #1 private-label seller of prepared foods and related products. Casey’s leadership credited SRG’s analysis as pivotal in safeguarding shareholder value and the company’s future.

Proven results

$300M
$300M net profit generated within one year for a private equity firm following a major supermarket acquisition
400%+
400%+ shareholder return for a convenience store chain after successfully defending against a hostile takeover

Why SRG for M&A

Deep sector expertise in retail and CPG
End-to-end engagement, from targeting to post-close transformation
Data-driven precision backed by decades of proprietary insights
Proven track record in value creation, risk mitigation, and competitive defense

Ready to Build M&A Confidence?

Partner with SRG to achieve superior returns, defensible strategy, and seamless integration across your deals.