When was THE CROWN GROUP acquired by PPG?

THE CROWN GROUP was acquired by PPG in 2017.

How is the data for the THE CROWN GROUP 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 THE CROWN GROUP 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.ppg.com/en-US/autocoatings/ppg-to-acquire-coatings-application-services-provider-the-crown-group

← DATABASE

Home Database Industry & ManufacturingTHE CROWN GROUP

10/2017

THE CROWN GROUP acquired by PPG

UNITED STATES Chemicals & Materials / Specialty Chemicals / Paints & Coatings REV 1m EUR - 100m EUR

Context

PPG fully acquires The Crown Group from private equity firms High Road Capital Partners and Charter Oak Equity to strengthen its service capabilities in the North American industrial coatings market. The primary rationale underpinning this acquisition is to significantly broaden the acquirer's downstream service offerings, allowing it to provide highly integrated, end-to-end coating solutions to major industrial and automotive manufacturers.

THE CROWN GROUP, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

The Crown Group is the leading independent outsourced coatings services provider in North America. The company specializes in applying protective and aesthetic coatings to manufactured parts and assembled products. It operates 11 sites across the U.S., strategically co-located with major customers or situated within key manufacturing hubs. Its primary end-markets include the automotive, agriculture, construction, and heavy truck industries.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2018	ALLIANCE ETIQUETTES	GROUPE ETIENNE	FRANCE	Labels & Adhesives
12/2017	BAIN CAPITAL	FEDRIGONI GROUP	ITALY	Labels & Adhesives
10/2017	BC PARTNERS	CERAMTEC	GERMANY	Glass & Ceramics
10/2017	MULTI-COLOR CORPORATION (MCC)	CONSTANTIA FLEXIBLES - LABELS DIVISION	AUSTRIA	Labels & Adhesives
07/2017	LONE STAR FUNDS	ESMALGLASS	SPAIN	Specialty Chemicals
02/2017	WISE EQUITY	TAPÌ	ITALY	Packaging & Containers
12/2016	IMERYS	KERNEOS	FRANCE	Construction Materials
12/2016	BRIDGEPOINT	Rovensa	PORTUGAL	Specialty Chemicals
12/2016	CHEQUERS	ALKERN	FRANCE	Construction Materials
11/2016	ARDIAN	HYPRED	FRANCE	Specialty Chemicals

REFERENCES

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.