Carlisle Companies Inc., Scottsdale, Ariz., recently announced it has entered into a definitive agreement to acquire MTL Holdings, Waukesha, Wis., from GreyLion Partners, a leading U.S. private equity firm, according to a press release from Carlisle Companies. Under the terms of the agreement, Carlisle Companies will purchase MTL Holdings for $410 million in cash.
MTL Holdings is a provider of prefabricated perimeter edge-metal systems and noninsulated architectural metal wall systems for commercial, institutional and industrial buildings. The company generated revenue of $132 million during the 12 months ending Feb. 29.
“The acquisition of MTL is consistent with Vision 2030 and our intent to build on our strategic pivot to a pure-play building products company with increased investment in innovation, a continued emphasis on synergistic M&A, attracting and retaining top talent, and fulfilling our sustainability commitments,” said Chris Koch, chair, president and CEO of Carlisle Companies. “By acquiring MTL and leveraging the Carlisle Operating System across the business, I am confident that we will create significant value for all our stakeholders. We look forward to welcoming Tony Mallinger and MTL’s talented team to Carlisle.”
The acquisition is expected to close during the second quarter of 2024.
