M&A
confidence high
sentiment positive
materiality 0.70
Carlisle acquires Plasti-Fab EPS insulation business for $259.5M cash
CARLISLE COMPANIES INC
- Acquisition of Plasti-Fab (EPS insulation) for $259.5M cash, 6.7x adjusted EBITDA including synergies.
- Plasti-Fab generated $109M revenue in trailing twelve months to Aug 31, 2024.
- Expected annual cost synergies of $14M within 3 years; adds ~$0.30 adjusted EPS in 2025.
- Expands Carlisle's presence in North American EPS insulation market (est. $1.5B).
- Transaction expected to close in Q4 2024, subject to customary conditions.