William Blair acted as the exclusive financial advisor to MTL Holdings (MTL), a portfolio company of GreyLion Partners (GreyLion), in connection with its pending sale to Carlisle Companies, Inc (NYSE: CSL) (Carlisle). The transaction signed on March 18, 2024 and is expected to close in the second quarter of 2024, subject to the fulfillment of customary conditions and approvals.
About the Companies
MTL is widely recognized as a best-in-class provider of high-performance, pre-fabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional, and industrial buildings. Its premium portfolio is comprised of a well-balanced assortment of complementary pre-fabricated edge metal products under the flagship brands of Metal-Era and Hickman. MTL’s portfolio includes non-insulated aluminum composite material (ACM) architectural wall panels under the Citadel brand. MTL establishes Carlisle as one of the industry’s most comprehensive providers of architectural metal products, including “roof-to-grass” color coordinated metal building envelope solutions.
GreyLion focuses on investing in high-growth businesses in the lower middle market. The firm seeks to partner with existing founders, entrepreneurs, and management teams across several sectors to deliver capital in tailored and flexible minority and control structures. GreyLion invests $25-$125 million of capital per investment in companies primarily headquartered within the United States. The firm currently manages three private equity funds with aggregate commitments of $1.9 billion.
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses—Carlisle Construction Materials ("CCM") and Carlisle Weatherproofing Technologies ("CWT")—and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in its businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System ("COS"), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.
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