Carlisle Companies Incorporated (NYSE:CSL) entered into a definitive agreement to acquire MTL Holdings, Inc. from GreyLion Partners LP for approximately $410 million on March 18, 2024. The purchase price represents 8.7x on MTL?s adjusted EBITDA for the twelve months ending February 29, 2024, inclusive of run-rate cost synergies and net of the $43 million tax step up benefit provided by the transaction. Dorsey & Whitney LLP acted as legal advisor to Carlisle Companies Incorporated (NYSE:CSL) and William Blair & Company, L.L.C served as financial advisor and Latham & Watkins LLP served as legal advisor to Mtl Holdings Inc. The acquisition is expected to close in the second quarter of 2024. As of April 26, 2024, the transaction is subject to regulatory clearances, and is expected to close by the end of the second quarter of 2024.

Carlisle Companies Incorporated (NYSE:CSL) completed the acquisition of MTL Holdings, Inc. from GreyLion Partners LP on May 1, 2024.