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PRESS RELEASE VISION CARLISLE THE NEXT 100 YEARS 2025 7/19/21 Carlisle Companies to Acquire Henry Company • • • • • • Acquisition of a best - in - class provider of Building Envelope Systems ( BES ) that control the flow of water , vapor , air and energy to optimize building sustainability Proven track record of high single - digit revenue growth ( 7 % CAGR during 2015-2020 ) Diverse and well - balanced portfolio of products for new construction and repairs & restoration with a national presence Complementary solutions that strengthen Carlisle's positioning in integrated Building Envelope Solutions that improve energy efficiency Meaningful cost synergies of $ 30 million ( or 7 % of sales ) expected by 2025 Immediately accretive to Carlisle's growth outlook , EBITDA margin , and adds $ 1.25 + of adjusted EPS in 2022 Transaction accelerates execution of Vision 2025 SCOTTSDALE , ARIZONA , July 19 , 2021 - Carlisle Companies Incorporated ( NYSE : CSL ) today announced that it has entered into a definitive agreement to acquire Henry Company ( " Henry " ) , a leading provider of building envelope systems , from affiliates of American Securities LLC , a leading U.S. private equity firm . Under the terms of the agreement , Carlisle will purchase Henry for $ 1.575 billion in cash . The purchase price represents 10.5x Henry's adjusted EBITDA for the twelve months ending May 31 , 2021 , when including run - rate cost synergies . Henry is widely recognized as a best - in - class provider of building envelope systems that control the flow of water , vapor , air and energy in a building . Its premium portfolio is comprised of a well - balanced assortment of complementary products boasting the strong and trusted Henry brands with more than 80 years of history . As a leading innovator in building envelope systems , Henry serves the full spectrum of customers across both new construction and repair & restoration projects within the residential , light commercial , and commercial end - markets . Henry generated revenue of $ 511 million and adjusted EBITDA of $ 119 million , representing an adjusted EBITDA margin of 23 % , for the twelve months ending May 31 , 2021 . The acquisition is consistent with Carlisle's Vision 2025 to simplify our portfolio and strategically build scale with synergistic acquisitions in order to achieve $ 15 of earnings per share . Henry augments CCM's growth and innovation efforts in commercial construction and increases its presence in residential construction in North America . Henry's complementary solutions strengthen CCM's positioning in integrated building envelope solutions that reduce installation times and improve energy efficiency . Henry's innovative culture aligns with that of CCM , enhancing the companies ' combined value proposition to drive superior growth . Chris Koch , Chairman , President and Chief Executive Officer , said , “ The acquisition of Henry , together with the announced divestiture of our Brake and Friction business in May , marks another meaningful evolution of our portfolio . These portfolio moves are consistent with our