Carlisle to acquire Accella Performance Materials for $670M in cash
Carlisle Companies announced that it has entered into a definitive purchase agreement to acquire Accella Performance Materials, a specialty polyurethane platform, from Arsenal Capital Partners for $670M in cash. Accella Performance Materials offers a wide range of polyurethane products and solutions across a broad diversity of markets and applications. Accella, headquartered in Maryland Heights, Missouri, has annualized revenue of approximately $430M with pre-synergy estimated transaction EBITDA margins approaching 15%. First year EPS accretion is expected to be 9c. Transaction EBITDA margins and EPS accretion are defined under "Non-GAAP Measures," and reconciled to the most directly comparable GAAP financial measures in the related exhibit. Upon completion of the transaction, the business will be reported as part of the CCM segment.