Foley Hoag advised AstroNova, Inc. (Nasdaq: ALOT), a leading provider of mission critical identification and marking solutions across the aerospace & defense and labeling & packaging industries, in its agreement to be acquired by Arcline Investment Management, a growth-oriented private equity firm.
The all-cash transaction, valued at approximately $272 million, was announced on June 17, 2026 and is expected to close in the third quarter of 2026. Under the terms of the agreement, AstroNova shareholders will receive $29.00 per share in cash, and the company will become privately held upon closing.
The Foley Hoag team advising AstroNova included Dan Clevenger, Bill Kolb, Barbara Klepper, Earl Mellott, Peter Rosenblum, Nicole Kinsley, Anna Snook, Nitzan Fisher-Conforti, Emily Cain, Devyn Parry, Matt Donovan, Hannah Melville, Alexandra Levay, and Ariel Chen.