Carlisle Companies Acquires MTL Holdings from GreyLion Partners
March 18, 2024
Carlisle Companies (NYSE: CSL) completed the acquisition of MTL Holdings from GreyLion Partners for $410 million in cash. MTL, a Waukesha-based manufacturer of prefabricated perimeter edge metal systems and non-insulated architectural wall panels (brands include Metal-Era, Hickman and Citadel), generated $132 million of revenue for the twelve months ended February 29, 2024; Carlisle expects ~$13 million of cost synergies and ~$0.60 of adjusted EPS accretion in the first full fiscal year.
- Buyers
- Carlisle Companies Incorporated
- Targets
- MTL Holdings
- Sellers
- GreyLion Partners
- Industry
- Building Products
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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