Carlisle Companies completes sale of Brake & Friction segment to CentroMotion for $250M cash plus up to $125M earn-out

CARLISLE COMPANIES INC

Sale of Carlisle Brake & Friction (CBF) closed Aug 2, 2021; proceeds $250M cash plus up to $125M earn-out based on 2021 EBITDA.
Buyer: CentroMotion, a portfolio company of One Rock Capital Partners, based in Waukesha, Wisconsin.
Terms previously disclosed in May 2021; closing triggers no additional material financial adjustments.
Company continues to focus on core construction and aerospace businesses going forward.

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