Carlisle Fluid Technologies has been sold from Carlisle Companies) to an affiliate of Lone Star Funds.
Fred SutterThe transaction was valued at $520 million. The company says CFT will continue to invest in growth through the development of industry-leading products and acquisitions in the material application space.
CFT reported $297 million in revenue in 2022. They have about 825 employees and sell the brands DeVilbiss, Ransburg, MS, BGK, Binks, and Hosco.
“We are excited to begin this new chapter as a standalone enterprise already known as an industry leader in our product set,” says Fred Sutter, CFT President.
CFT provides the supply, control, application, and curing of a wide range of paints, powders, sealants, adhesives, foams, and other application materials
Lone Star, founded by John Grayken, is a private equity firm advising funds that invest globally in real estate, equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 22 private equity funds with aggregate capital commitments totaling approximately $86 billion.
Visit https://carlisleft.com
