M&A Deal Summary

Lone Star Funds Acquires CFT

On June 15, 2023, private equity firm Lone Star Funds acquired manufacturer CFT from Carlisle Companies for 520M USD

Acquisition Highlights
  • This is Lone Star Funds’ 2nd transaction in the Manufacturing sector.
  • This is Lone Star Funds’ 10th largest (disclosed) transaction.
  • This is Lone Star Funds’ 11th transaction in the United States.
  • This is Lone Star Funds’ 1st transaction in Arizona.

M&A Deal Summary

Date 2023-06-15
Target CFT
Sector Manufacturing
Buyer(s) Lone Star Funds
Sellers(s) Carlisle Companies
Deal Type Divestiture
Deal Value 520M USD

Target

CFT

Scottsdale, Arizona, United States
CFT provides customers industry-leading and sustainable solutions for the supply, control, application and curing of a wide range of paints, powders, sealants & adhesives, foams and other application materials under an expanding collection of pioneering product brands.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 24 of 27
Sector (Manufacturing) 2 of 2
Type (Divestiture) 6 of 7
State (Arizona) 1 of 1
Country (United States) 11 of 13
Year (2023) 2 of 3
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 CentroMotion

Waukesha, Wisconsin, United States

CentroMotion is a global company serving agriculture, specialty and commercial vehicle, construction, and other industrial end-markets with motion, actuation, and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation, and control solutions under brands that include CrossControl, Maximatecc, Elliott Manufacturing, Gits Manufacturing, Power-Packer, and Weasler Engineering. CentroMotion is based in Waukesha, Wisconsin.

Buy -

Seller(S) 1

SELLER

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 4 of 5
Sector (Manufacturing) 3 of 3
Type (Divestiture) 4 of 5
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2023) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS 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 -
FOLLOWING 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