M&A Deal Summary

Carlisle Companies Acquires MTL

On March 18, 2024, Carlisle Companies acquired building materials company MTL from GreyLion for 410M USD

Acquisition Highlights
  • This is Carlisle Companies’ 5th transaction in the Building Materials sector.
  • This is Carlisle Companies’ 5th largest (disclosed) transaction.
  • This is Carlisle Companies’ 27th transaction in the United States.
  • This is Carlisle Companies’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2024-03-18
Target MTL
Sector Building Materials
Buyer(s) Carlisle Companies
Sellers(s) GreyLion
Deal Type Add-on Acquisition
Deal Value 410M USD
Advisor(s) William Blair (Financial)
Latham & Watkins (Legal)

Target

MTL

Waukesha, Wisconsin, United States
website
MTL is a provider of pre-fabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional, and industrial buildings. The company's portfolio is comprised of an assortment of complementary pre-fabricated edge metal products under the flagship brands of Metal-Era and Hickman. Its portfolio includes non-insulated aluminum composite material (ACM) architectural wall panels under the Citadel brand. MTL is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

Carlisle Companies

Scottsdale, Arizona, United States

website

Category Company
Founded 1917
Sector Manufacturing
Employees12,100
Revenue 6.6B USD (2022)
DESCRIPTION

Carlisle Companies is a diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare and sanitary maintenance. Carlisle Companies was incorporated in 1917 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 38 of 38
Sector (Building Materials) 5 of 5
Type (Add-on Acquisition) 31 of 31
State (Wisconsin) 3 of 3
Country (United States) 27 of 27
Year (2024) 1 of 1
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Carlisle Interconnect Technologies

St. Augustine, Florida, United States

Carlisle Interconnect Technologies is a designer and manufacturer of high performance wire and cable including optical fiber. Carlisle designs and produces products for harsh environments. Products include interconnect products such as contacts, connectors, cable assemblies, installation kits, ARINC trays, racks and shelf assemblies. Carlisle Interconnect Technologies is based in St. Augustine, Florida.

Sell $2.0B

Seller(S) 1

SELLER

GreyLion

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GreyLion is a private equity investment group, that primarily seeks opportunities throughout the US. Broad areas of interest include industrials, services, and consumer. The Firm looks to commit $25 to $125 million through a variety of transaction types, including buyouts, recapitalizations, divestitures, and growth capital financings. GreyLion was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 6
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Norwood Sawmills

Oro-Medonte, Ontario, Canada

Norwood Sawmills is a provider of portable consumer-sized sawmills, as well as related consumables, accessories, and equipment, and serves as a global outdoor equipment and lifestyle brand. Norwood Sawmills is based in Oro-Medonte, Ontario.

Buy -
Mergr

Product

Company

Legal