M&A Deal Summary

Graco Acquires Corob

On September 26, 2024, Graco acquired machinery company Corob from Wise Equity and Ardian for 260M EUR

Acquisition Highlights
  • This is Graco’s 10th transaction in the Machinery sector.
  • This is Graco’s 2nd largest (disclosed) transaction.
  • This is Graco’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-09-26
Target Corob
Sector Machinery
Buyer(s) Graco
Sellers(s) Wise Equity
Ardian
Deal Type Add-on Acquisition
Deal Value 260M EUR

Target

Corob

Modena, Italy
Corob is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. Corob was founded in 1984 and is based in Modena, Italy.

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Buyer(S) 1

Buyer

Graco

Minneapolis, Minnesota, United States

Category Company
Founded 1926
Sector Machinery
Employees4,000
Revenue 2.1B USD (2024)
DESCRIPTION
Graco's corporate headquarters in Minneapolis, Minnesota.
Graco's corporate headquarters in Minneapolis, Minnesota.

Graco supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. Graco was founded in 1926 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 11 of 13
Sector: Machinery M&A 10 of 11
Type: Add-on Acquisition M&A Deals 7 of 9
Country: Italy M&A 1 of 2
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 SMITH Manufacturing Co.

Pompano Beach, Florida, United States

SMITH Manufacturing Co. is a makes and sells scarifying equipment for both interior and exterior surface preparation. SMITH Manufacturing was founded in 1990 and is based in Pompano Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-17 Color Service

Dueville, Italy

Color Service is a global manufacturer of specialized automatic precision dosing systems for powders and liquids. The company serves a wide range of industries including textiles, rubber, cosmetics, plastics, and food. It delivers precise, weight-based measurements that improve consistency and efficiency in production. Color Service is headquartered in Dueville, Italy.

Buy €63M

Seller(S) 2

SELLER

Wise Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Wise SGR is a private equity investment firm that seeks middle-market buyout and growth capital investments primarily in Italy. Wise looks to invest €5 to €25 million in companies valued up to €75 million. Wise is a generlist investor and will consider opportunities in a variety of sectors, however the Firm has a preference for companies operating in capital equipment, manufacturing, and services. Wise SGR was formed in 2000 and is based in Milan.


DEAL STATS #
Overall 22 of 23
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 10
Country: Italy M&A 22 of 23
Year: 2024 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Absolute Yachts

Podenzano, Italy

Absolute Yachts is a manufacturer of luxury yachts from 47 to 75 feet, in the Navetta, Flybridge and Coupe segments. By designing innovative and reliable boats made to be experienced at the highest level, the company has created new reference standards for the entire yachting industry and has been able to gain a role within the global nautical industry. All stages of product study, design and manufacture are completely in-house, and the customer relationship is supported by an effective dealer network. Absolute Yachts was founded in 2002 and is based in Podenzano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-27 Innovery

Roma, Italy

Innovery is an international system integrator that offers extremely diversified services to its clients within the ICT space: its activities focus on system integration and new solutions design and implementation where technological complexity is high. Innovery was formed in 2001 and is based in Roma, Italy.

Sell -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 240 of 248
Sector: Machinery M&A 5 of 5
Type: Add-on Acquisition M&A Deals 60 of 63
Country: Italy M&A 18 of 18
Year: 2024 M&A 13 of 15
Size (of disclosed) 26 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-30 F2A

Milan, Italy

F2A is a provider of human resources and administration services. F2A offers outsourcing and consultancy services in different corporate areas like HR management and Finance and Administration. F2A was founded in 1962 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Evolve IP

King of Prussia, Pennsylvania, United States

Evolve IP provides organizations with a unified option for cloud services, including unified communications, contact center, managed network, and cloud computing technologies. Evolve IP was founded in 2007 and is based in King of Prussia, Pennsylvania.

Sell -