Carlisle Companies Inc. announced last week that it had entered into a definitive agreement to acquire MTL Holdings, a provider of pre-fabricated edge metal for commercial roofing systems, from GreyLion Partners, a private equity firm.
The terms of the deal, announced in a March 18 news release, include Carlisle purchasing MTL for $410 million in cash. The purchase price represents an 8.7-time multiple on MTL’s adjusted EBITDA for the twelve months ending Feb. 29, 2024.