At what enterprise value was THERMOSAFE acquired in 2025?

During the acquisition of THERMOSAFE by ARSENAL CAPITAL PARTNERS in 2025, 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 500M - 1.5b 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 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of THERMOSAFE when it was acquired by ARSENAL CAPITAL PARTNERS?

The estimated EV/EBITDA multiple for THERMOSAFE is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was THERMOSAFE acquired by ARSENAL CAPITAL PARTNERS?

THERMOSAFE was acquired by ARSENAL CAPITAL PARTNERS in 2025.

What was the revenue of THERMOSAFE at the time of the deal?

The revenue of THERMOSAFE at the time of the deal is estimated to be in the range of 150M - 250M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of THERMOSAFE during the acquisition?

THERMOSAFE's EBITDA is estimated to be in the range of 50M - 100M 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 THERMOSAFE 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 THERMOSAFE 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.arsenalcapital.com/news/arsenal-capital-partners-completes-acquisition-of-thermosafe

← DATABASE

Home Database Industry & ManufacturingTHERMOSAFE

11/2025

THERMOSAFE

Acquired by

ARSENAL CAPITAL PARTNERS

UNITED STATES Chemicals & Materials / Packaging & Containers EV 500M - 1.5b USD

THERMOSAFE acquired by ARSENAL CAPITAL PARTNERS

UNITED STATES Chemicals & Materials / Packaging & Containers EV 500M - 1.5b USD

Context

Arsenal Capital Partners completed the acquisition of ThermoSafe from Sonoco Products Company. The deal represents a full‑control buy‑out of ThermoSafe, with the seller exiting the cold‑chain packaging segment and simplifying its portfolio around core metal and paper consumer and industrial packaging businesses. The temperature‑controlled packaging business is deeply embedded in the pharmaceutical and biologics value chain, serving high‑value, highly regulated shipments where product integrity and temperature control are critical. Arsenal positions the transaction as a strategic platform play within its middle‑market specialty‑industrial and healthcare vertical, aiming to leverage its prior experience in the packaging and industrial materials sectors to accelerate ThermoSafe’s growth through expanded geographic reach, product‑line innovation, and operational improvements. The firm also plans to support the existing management team led by CEO Russell Grissett, reinforcing continuity while professionalizing governance and commercial capabilities to capture further share in a global cold‑chain packaging market projected to grow at a double‑digit CAGR over the next decade.

THERMOSAFE, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the Industry & Manufacturing sector (11.0x).

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

ThermoSafe is a specialty industrial company that provides temperature‑controlled packaging systems for the transportation of pharmaceuticals, biologics, vaccines, and clinical supplies. Headquartered in Arlington Heights, Illinois, near Chicago, the group operates additional facilities in France, India, and Brazil, giving it a transatlantic and emerging‑market footprint aligned with global healthcare logistics. The company’s product portfolio includes parcel shippers for single‑ and multi‑dose medications, reusable shippers for repeated cold‑chain use, and bulk transport systems for pallet‑sized, temperature‑assured shipments, all engineered to maintain precise refrigerated, frozen, and controlled room‑temperature conditions throughout the supply chain. ThermoSafe also offers design, testing, and regulatory compliance services through its ISC Labs division, enabling customers to validate and optimize packaging for complex life‑science applications.

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Valuation range: EV 500M - 1.5b USD

Revenue range: 150M - 250M USD

EBITDA range: 50M - 100M USD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

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