Foley Hoag advises AstroNova, Inc., 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.

Read full press release here.