M&A Deal Summary

American Industrial Partners Acquires Carlstar Group

On December 31, 2013, private equity firm American Industrial Partners acquired automotive company Carlstar Group from Carlisle Companies

Acquisition Highlights
  • This is American Industrial Partners’ 6th transaction in the Automotive sector.
  • This is American Industrial Partners’ 21st transaction in the United States.
  • This is American Industrial Partners’ 1st transaction in Tennessee.
Investment Fate
  • Carlstar Group was sold to a publicly-traded strategic buyer in 2024 for 296M USD.

M&A Deal Summary

Date 2013-12-31
Target Carlstar Group
Sector Automotive
Buyer(s) American Industrial Partners
Sellers(s) Carlisle Companies
Deal Type Divestiture

Target

Carlstar Group

Franklin, Tennessee, United States
Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 22 of 55
Sector: Automotive M&A 6 of 7
Type: Divestiture M&A Deals 5 of 21
State: Tennessee M&A 1 of 3
Country: United States M&A 21 of 47
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-25 Manac

Saint-Geogres, Quebec, Canada

Manac, Inc. is a manufacturer of flatbed trailers, low-bed trailers, forestry trailers, chip trailers, dry-vans, and dump trailers. Manac was founded in 1996 and is based in Saint-Geogres, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-20 NWH

Frisco, Texas, United States

NWH is a manufacturer and distributor of North American hardwood lumber. The company serves the repair and remodel, residential construction, industrial, and export markets. The company converts hardwood logs into a rough cut and kiln-dried lumber, and then planes and sorts the lumber boards into an array of grades for appearance wood applications. NWH is based in Frisco, Texas.

Sell -

Seller(S) 1

SELLER

Carlisle Companies

Scottsdale, Arizona, United States

Category Company
Founded 1917
Sector Manufacturing
Employees5,500
Revenue 5.0B USD (2024)
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, food service, healthcare and sanitary maintenance. Carlisle Companies was incorporated in 1917 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 1 of 5
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Belden - Thermax-Raydex

United Kingdom

Belden - Thermax-Raydex is a provider of high-performance hook-up, data and coaxial wire and cable for mission-critical applications for commercial aerospace, defense and industrial customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 LHI Technology Pte

Singapore, Singapore

LHI Technology (S) Pte Ltd. is a designer, manufacturer and provider of cable assemblies and related interconnect components to the medical equipment and device industry.

Buy $195M