Carlisle Companies Completes Acquisition
Ticker: CSL · Form: 8-K · Filed: Dec 18, 2024 · CIK: 790051
| Field | Detail |
|---|---|
| Company | Carlisle Companies INC (CSL) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $259,547,682 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, financial-statements
Related Tickers: CSL
TL;DR
Carlisle just bought something, details in the filing.
AI Summary
On December 18, 2024, Carlisle Companies Inc. announced the completion of its acquisition of a business for an undisclosed amount. The filing also includes financial statements and exhibits related to this transaction, as well as a Regulation FD disclosure.
Why It Matters
This acquisition signifies strategic growth for Carlisle Companies, potentially expanding its market reach and product offerings.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry integration risks and potential financial complexities that could impact the company's performance.
Key Players & Entities
- CARLISLE COMPANIES INC (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
FAQ
What specific business did Carlisle Companies acquire?
The filing does not specify the name of the acquired business, only that an acquisition was completed.
What was the financial value of the acquisition?
The filing does not disclose the dollar amount of the acquisition.
What is the primary purpose of this 8-K filing?
The primary purpose is to report the completion of an acquisition of assets and to provide related financial statements and exhibits.
When did the acquisition officially close?
The acquisition was completed on December 18, 2024.
Are there any specific details about the acquired assets mentioned?
The filing indicates the completion of an acquisition or disposition of assets but does not provide specific details about the nature of those assets.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-12-18 16:06:41
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value CSL New York Stock Exchange
- $259,547,682 — for cash consideration in the amount of $259,547,682, subject to certain customary purchase
Filing Documents
- csl-20241218.htm (8-K) — 31KB
- exhibit991-carlislecompani.htm (EX-99.1) — 6KB
- carlisle_masterlogoxrgb.jpg (GRAPHIC) — 134KB
- csl-20241218_g1.jpg (GRAPHIC) — 98KB
- 0000790051-24-000222.txt ( ) — 608KB
- csl-20241218.xsd (EX-101.SCH) — 2KB
- csl-20241218_def.xml (EX-101.DEF) — 15KB
- csl-20241218_lab.xml (EX-101.LAB) — 27KB
- csl-20241218_pre.xml (EX-101.PRE) — 16KB
- csl-20241218_htm.xml (XML) — 3KB
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. 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. The material terms of the Agreement were previously reported in Item 1.01 of the Current Report on Form 8-K filed on October 18, 2024 with the U.S. Securities and Exchange Commission.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On December 18, 2024, the Company issued a press release announcing the closing of the transaction contemplated by the Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report"). The information in this Item 7.01 of this Report, including Exhibit 99.1, is being furnished herewith and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title 2.1* Securities Purchase Agreement, dated as of October 17, 2024, by and between Carlisle Companies Incorporated, PFB Intermediate, LLC, PFB Holdco, LLC and PFB Custom Homes Group, LLC (incorporated by reference to Exhibit 2.1 to Carlisle Companies Incorporated's Current Report on Form 8-K filed October 18, 2024 (File No. 001-09278)) 99.1 Press release of Carlisle Companies Incorporated, dated December 18, 2024 104 Cover page interactive data file (embedded within the inline XBRL document) * Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule will be furnished supplementally to the U.S. Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARLISLE COMPANIES INCORPORATED Date: December 18, 2024 By: /s/ Kevin P. Zdimal Kevin P. Zdimal Vice President and Chief Financial Officer