Ardian has finalized a definitive agreement to sell 100% of its stake in Corob to Graco Inc., marking a strategic exit after a six-year holding period. Under the previous financial sponsorship, the target transitioned from a regional specialist into a global leader by focusing on technical innovation and geographic expansion into high-growth emerging markets. The strategic rationale for the acquisition centers on the acquirer's objective to reinforce its "Contractor" segment and diversify its fluid management portfolio with high-tech automated dispensing systems. By incorporating the target’s specialized R&D capabilities and international service infrastructure, the group establishes a comprehensive platform for the paint and coating distribution market. The partnership is designed to leverage the target’s pioneering expertise in automatic color dosing to offer integrated solutions to a global client base. Furthermore, the integration allows the group to establish its first significant industrial presence in Italy, while capitalizing on the target’s strong operational density in India and Canada. This transaction consolidates the group’s vision of providing end-to-end automated solutions for the chemical and construction sectors.

The transaction values COROB at an EV/Revenue multiple of LOGIN.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.3x since the beginning of 2026, 3.2% increase compared to 2025. 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.