Carlisle Companies Inc. CSL said Thursday it agreed to sell its Carlisle Fluid Technologies unit to an affiliate of private equity firm Lone Star Funds for $520 million. The deal is expected to close in the third quarter of 2023. CFT generated $297 million of revenue in 2022. Carlisle Cos. CEO Chris Koch said the transaction “advances our drive to construct a concentrated portfolio of construction materials businesses emphasizing a superior capital allocation approach to investments.
CSL said Thursday it agreed to sell its Carlisle Fluid Technologies unit to an affiliate of private equity firm Lone Star Funds for $520 million. The deal is expected to close in the third quarter of 2023. CFT generated $297 million of revenue in 2022. Carlisle Cos. CEO Chris Koch said the transaction “advances our drive to construct a concentrated portfolio of construction materials businesses emphasizing a superior capital allocation approach to investments.” Goldman Sachs & Co.