M&A · Tech · Computer Peripheral Equipment, NEC
Arcline Investment Management to acquire AstroNova, Inc.
Announced Jun 17, 2026 · Closed Aug 26, 2026
Deal value$272MEV $272M
Premium209.0%To unaffected price
EV / Adj. EBITDA25.3x1.8x EV / Revenue
ConsiderationAll cash$29.00 per share
Transaction
- Acquirer
- Arcline Investment Management
- Target
- AstroNova, Inc. (ALOT)
- Buyer type
- Strategic
- Offer price per share
- $29.00
- Enterprise value
- $272M
- Status
- Closed Aug 26, 2026
Deal protections
- Break fee (target pays)
- $9.6M · 3.5%
- Reverse fee (buyer pays)
- $9.6M · 3.5%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Tech
- Comparable deals
- 68 in the prior 24 months
- Premium
- 209.0% vs. 39.0% sector median
- EV / Adj. EBITDA
- 25.3x vs. 15.4x sector median
- Break fee
- 3.5% vs. 3.0% sector median
Timeline
- AnnouncedJun 17, 2026
- Proxy filedJul 16, 2026
- Definitive proxyJul 31, 2026
- Shareholder voteAug 25, 2026
- ClosedAug 26, 2026
Valuation · fairness opinions
Premiums paid$10.70$14.72
Trading comparables$14.93$21.92
Precedent transactions$17.26$30.55
Discounted cash flow$16.34$26.19
Offer $29.00
Implied value per AstroNova, Inc. share by analysis · DCF discount rate 11.1%–13.1%.