At what enterprise value was ASTRONOVA INC acquired in 2026?

During the acquisition of ASTRONOVA INC by ARCLINE INVESTMENT MANAGEMENT in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ASTRONOVA INC when it was acquired by ARCLINE INVESTMENT MANAGEMENT?

The estimated EV/EBITDA multiple for ASTRONOVA INC is in the range of Above 20x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

What was the revenue of ASTRONOVA INC at the time of the deal?

The revenue of ASTRONOVA INC at the time of the deal is estimated to be in the range of 100M - 200M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ASTRONOVA INC during the acquisition?

ASTRONOVA INC's EBITDA is estimated to be in the range of 5M - 25M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ASTRONOVA INC acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ASTRONOVA INC deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.foleyhoag.com/news-and-insights/news/2026/june/foley-hoag-advises-astronova-in-sale-to-arcline/

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Home Database Industry & ManufacturingASTRONOVA INC

06/2026

ASTRONOVA INC acquired by ARCLINE INVESTMENT MANAGEMENT

UNITED STATES Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 300M - 700M USD

Context

Arcline Investment Management has signed a definitive agreement to acquire AstroNova in an all-cash deal worth $29 per share, representing a substantial premium to the company's pre-announcement stock price. The transaction has received unanimous approval from AstroNova's Board of Directors and is expected to result in the company transitioning to private ownership under Arcline upon completion. The acquisition is subject to shareholder approval and customary regulatory approvals, with an anticipated completion date in the third quarter of 2026. This strategic acquisition marks a significant milestone in Arcline's plan to build a diversified portfolio of specialized industrial and technology companies. AstroNova has been identified as a key player in niche markets that require advanced traceability, industrial printing, and data management solutions. The company's presence in the aerospace and defense sectors also presents attractive growth opportunities, driven by the increasing demand for data collection, processing, and identification solutions in these industries. By taking AstroNova private, Arcline aims to provide the company with the flexibility to execute its growth strategy without the constraints of public market pressures. Arcline plans to support AstroNova's expansion through strategic investments in technology, product innovation, and potential bolt-on acquisitions. This approach is designed to reinforce AstroNova's market position while expanding its footprint in high-growth industrial segments, ultimately driving long-term value creation.

ASTRONOVA INC, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as high as the average currently observed in the Industry & Manufacturing sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

AstroNova is a US-based technology company specializing in identification, labeling, industrial printing, and critical data acquisition solutions. Headquartered in West Warwick, Rhode Island, the company designs, manufactures, and markets equipment, software, and consumables for demanding environments where traceability, data reliability, and regulatory compliance are paramount. With an international presence, AstroNova serves a diverse industrial customer base operating in sectors such as aerospace, defense, manufacturing, electronics, packaging, and logistics. The company's operations are organized around two primary divisions. The first focuses on product identification solutions, comprising digital printing systems, color labeling equipment, label design software, and associated consumables. These solutions enable industrial customers to produce labels, markings, and identifiers for product traceability, regulatory compliance, and logistics management. AstroNova has particular expertise in applications requiring high-quality, on-demand printing and extensive customization. The second division is geared towards the aerospace and defense markets, providing embedded printing systems, avionics equipment, and data acquisition and recording solutions for use in critical environments. These technologies facilitate the collection, analysis, and dissemination of operational data for testing, monitoring, and maintenance applications. By offering these solutions, AstroNova has established a recognized position in specialized segments characterized by high performance and reliability requirements.

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 100M - 200M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ASTRONOVA INC by ARCLINE INVESTMENT MANAGEMENT are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: astronova inc

Acquirer: arcline investment management