Carlisle Companies Divests Carlisle Fluid Technologies For $520M
Portfolio Pulse from Shivani Kumaresan
Carlisle Companies Inc (NYSE:CSL) has agreed to sell Carlisle Fluid Technologies (CFT) to an affiliate of Lone Star Funds for $520 million. The transaction is expected to close in Q3 2023. CFT reported $297 million in revenue in 2022.
June 15, 2023 | 2:23 pm
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Carlisle Companies is selling its CFT segment to Lone Star Funds for $520 million, aligning with its Vision 2025 strategy.
The sale of CFT to Lone Star Funds for $520 million is a significant transaction for Carlisle Companies. It aligns with their Vision 2025 strategy and focuses on constructing a concentrated portfolio of construction materials businesses. This could lead to a more efficient capital allocation approach, which may positively impact CSL's stock price in the short term.
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