CARLISLE COMPANIES INC (CSL): M&A transaction — Carlisle completes $259.5M cash acquisition of Plasti-Fab EPS insulation business

CARLISLE COMPANIES INC

Acquired all equity interests of PFB Holdco's EPS insulation segment (Plasti-Fab / Insulspan) for $259.5M cash.
Plasti-Fab is a vertically integrated EPS provider with 11 plants (8 Canada, 3 US Midwest) serving commercial, residential, infrastructure markets.
Acquisition aligns with Carlisle's Vision 2030 M&A strategy; targets organic growth, hard cost synergies, and integration via Carlisle M&A playbook.
Seller was PFB Intermediate, LLC, a portfolio company of The Riverside Company.
Transaction closed on December 18, 2024, as previously announced on October 17, 2024.

item 2.01 item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

CARLISLE COMPANIES INC completed an acquisition involving PFB Intermediate, LLC for $259,547,682 (closed 2024-12-18).

Action: acquisition
Counterparty: PFB Intermediate, LLC
Consideration: $259,547,682
Closing: 2024-12-18

Exact text from the filing

On December 18, 2024, Carlisle Companies Incorporated, a Delaware corporation (the “Company”), completed the transaction contemplated by the Securities Purchase Agreement, dated as of October 17, 2024 (the “Agreement”), by and between the Company, PFB Intermediate, LLC, a Delaware limited liability company (the “Seller”), PFB Holdco, Inc., a Delaware corporation (“PFB”), and, solely for purposes of Section 6.6 of the Agreement, PFB Custom Homes Group, LLC, a Delaware limited liability company. Pursuant to the Agreement, the Company acquired from the Seller all of the equity interests of PFB in exchange for cash consideration in the amount of $259,547,682, subject to certain customary purchase price adjustments.

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Source: SEC EDGAR

accession 0000790051-24-000222

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