Private-equity firm Arcline Investment Management has agreed to acquire AstroNova, a data-visualization and printing technology company, in a deal valued at about $272 million that will take the company private, the Wall Street Journal reported Wednesday. Arcline will pay $29 in cash for each AstroNova share, a premium over the stock’s closing price of $16.69 on Tuesday.
AstroNova said Wednesday that its board had unanimously approved the transaction following a review of strategic alternatives. The acquisition requires approval from AstroNova shareholders and is expected to close in the third quarter of 2026.
The purchase is Arcline’s second acquisition of a publicly traded company in recent weeks. Earlier this month, the Nashville, Tennessee-based firm agreed to acquire Continental Aerospace Technologies, the holding company of a Mobile, Alabama, aircraft engine manufacturer, for roughly $535 million. That deal returns the Hong Kong-listed company to U.S. ownership.
Arcline managed more than $26 billion in assets as of Dec. 31, 2025, according to its most recent registered investment adviser filing. The firm closed its fourth main fund last year with approximately $6 billion.