M&A Deal Summary

Carlisle Companies Acquires Henry

On July 19, 2021, Carlisle Companies acquired building materials company Henry from American Securities for 1.6B USD

Acquisition Highlights
  • This is Carlisle Companies’ 4th transaction in the Building Materials sector.
  • This is Carlisle Companies’ largest (disclosed) transaction.
  • This is Carlisle Companies’ 25th transaction in the United States.
  • This is Carlisle Companies’ 4th transaction in California.

M&A Deal Summary
Date 2021-07-19
Target Henry
Sector Building Materials
Buyer(s) Carlisle Companies
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Henry

El Segundo, California, United States
Henry is a manufacturer of roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products, and building envelope systems. Henry professionals offer designers, contractors, and building owners a combination of technical experience and a commitment to provide quality products. Henry was founded in 1981 and is based in El Segundo, California.

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Buyer(S) 1

Buyer

Carlisle Companies

Scottsdale, Arizona, United States
Category Company
Founded 1917
Sector Manufacturing
Employees11,000
Revenue 4.6B USD (2023)
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 36 of 40
Sector (Building Materials) 4 of 6
Type (Add-on Acquisition) 29 of 33
State (California) 4 of 5
Country (United States) 25 of 28
Year (2021) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Carlisle Brake & Friction

Medina, Ohio, United States

Carlisle Brake & Friction is involved in the development and manufacture of highly innovative brake and friction solutions to service a diverse range of off-highway vehicle end markets, including construction, mining, agriculture, and aerospace. CBF’s products include hydraulic control products, industrial brake assemblies, and wet and dry friction materials for brake, clutch, and transmission applications. Carlisle Brake & Friction is based in Medina, Ohio.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 MBTechnology

Fresno, California, United States

MBTechnology is a manufacturer of energy-efficient, styrene-butadiene-styrene-modified bitumen roofing and underlayment systems for residential and commercial applications. MBTechnology was founded in 1983 and is based in Fresno, California.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 45 of 51
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 19 of 21
State (California) 3 of 4
Country (United States) 44 of 50
Year (2021) 3 of 3
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Oregon Tool

Portland, Oregon, United States

Oregon Tool is a manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawnmower blades, agricultural tractor attachments, and a broad range of other products used by professionals and consumers in the forestry, lawn, and garden, and agricultural end markets. Oregon Tool was founded in 1946 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Trace3

Irvine, California, United States

Trace3 is a digital transformation and IT solutions to provider for medium and large sized enterprise clients. The Company has established a regional market-leading position in the technology solutions provider space with significant expertise in areas such as Cloud, Security, Data Intelligence, DevOps, and Data Center solutions. Trace3 was founded in 2002 and is based in Irvine, California.

Buy -
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