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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Mar. 29, 9:47 AM

Slide #66. Carlisle Companies Incorporated MTL Holdings

Acquirer: Carlisle Companies Incorporated (NYSE:CSL)
Acquiree: MTL Holdings
Details: Carlisle Companies Incorporated (NYSE:CSL) today announced that it has entered into a definitive agreement to acquire MTL Holdings ("MTL") from GreyLion Partners, a leading U.S. private equity firm. MTL is a leading provider of pre-fabricated edge metal for commercial roofing systems. Under the terms of the agreement, Carlisle will purchase MTL for $410 million in cash. The purchase price represents 8.7x on MTL's adjusted EBITDA for the twelve months ending February 29, 2024, inclusive of run-rate cost synergies and net of the $43 million tax step up benefit provided by the transaction.

Carlisle Companies manufactures engineered products. Co. operates the following segments: Carlisle Construction Materials, which produces a range of building envelope products for commercial, industrial and residential buildings; Carlisle Interconnect Technologies, which designs and manufactures wire and cable, including optical fiber, for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets; and Carlisle Fluid Technologies, which designs, manufactures and sells liquid, powder, sealants and adhesives finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing a variety of coatings.

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Company Name:  Carlisle Companies Inc.
Stock buyback:  CSL buyback
Website:  www.carlisle.com
Sector:  Metals Fabrication & Products
Number of ETFs Holding CSL:  93
Total Market Value Held by ETFs:  $3.87B
Total Market Capitalization:  $18.91B
% of Market Cap. Held by ETFs:  20.46%
 

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March 29, 2024    9:47 AM Eastern
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Buy (2.80 out of 4)
18th percentile
(ranked lower than approx. 82% of all stocks covered)

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