Carlisle Companies Inc. acquired MTL Holdings from private equity firm GreyLion Partners. Photo: Carlisle Companies.

Carlisle Companies Inc. acquired MTL Holdings from private equity firm GreyLion Partners. MTL is a provider of prefabricated edge metal for commercial roofing systems. Under the terms of the agreement, Carlisle purchased MTL for $410 million in cash.

MTL supplies high-performance, prefabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional and industrial buildings. For the twelve months ended Feb. 29, 2024, it generated revenue of $132 million.

MTL’s portfolio includes non-insulated aluminum composite material architectural wall panels under the Citadel brand.

“The acquisition of MTL is consistent with Vision 2030 and our intent to build on our strategic pivot to a pure-play building products company with increased investment in innovation, a continued emphasis on synergistic mergers and acquisitions, attracting and retaining top talent and fulfilling our sustainability commitments,” says president and CEO Chris Koch.

Company officials say the acquisition is expected to generate costs of around $13 million within the first three years and be approximately $0.60 accretive to adjusted earnings per share in the first full fiscal year.

Leave a Reply

Your email address will not be published. Required fields are marked *