Carlisle Companies Agrees To Sell Carlisle Fluid Technologies To An Affiliate Of Lone Star Funds In Transaction Valued At $520M
Portfolio Pulse from Benzinga Newsdesk
Carlisle Companies (CSL) has agreed to sell its Carlisle Fluid Technologies division to an affiliate of Lone Star Funds for $520 million. The transaction is subject to closing adjustments and conditions, including regulatory clearances, and is expected to close in Q3 2023.
June 15, 2023 | 11:17 am
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Carlisle Companies (CSL) is selling its Carlisle Fluid Technologies division to an affiliate of Lone Star Funds for $520 million, with the transaction expected to close in Q3 2023.
The sale of Carlisle Fluid Technologies is a significant transaction for Carlisle Companies, as it will generate $520 million in cash. This could potentially be used for further investments, debt reduction, or shareholder returns. The transaction is expected to close in Q3 2023, subject to regulatory clearances. This news is likely to have a positive short-term impact on CSL's stock price, as investors may view the sale as a strategic move to streamline the company's operations and focus on core businesses.
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