THE CROWN GROUP
Acquired by
PPG
THE CROWN GROUP acquired by PPG
Target
THE CROWN GROUP
Acquirer
PPG
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 LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (10.6x).
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
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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with THE CROWN GROUP
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).