COSTA MESA, Calif., May 23, 2008 (PRIME NEWSWIRE) -- Carlisle Companies Inc. (NYSE:CSL) has announced a definitive agreement to acquire Carlyle Inc. The announced purchase price was $200 million.
RSM EquiCo Capital Markets LLC initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Carlyle. Perkins Coie LLP acted as the legal advisor to Carlyle and its shareholders.
"I was very pleased with the overall responsiveness and level of teamwork that RSM EquiCo Capital Markets brought to this transaction. The shareholders achieved their objectives set forth at the beginning of the process with the help of the RSM EquiCo team," said Carol-Ann O'Mack, president and shareholder of Carlyle.
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Paul Weisbrich, senior managing director, Mark Agosto, managing director, and Trevor Bohn, vice president, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. RSM EquiCo Capital Markets, which offers in-depth expertise in 12 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are units of H&R Block Inc. (NYSE:HRB), the world's preeminent tax services provider.
RSM EquiCo Capital Markets' international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London. The firm is a member of FINRA and SIPC.
About Carlyle Inc.
Carlyle (www.carlyle-inc.com), based in Tukwila, Wash., is a leader in the design, assembly and sale of specialty in-flight entertainment wire and cable assemblies to the aerospace industry. Carlyle's products include wire harnesses, copper and fiber optic cable, and connectors that enable connectivity throughout an aircraft's cabin. Strong demand for in-flight entertainment systems for leisure and productivity on both new aircraft and for retrofit applications has driven significant growth in Carlyle's business. The company also designs and manufactures a comprehensive line of cable, wiring connectivity and supporting products for the network infrastructure industry.
About Carlisle Companies Inc.
Carlisle Companies (www.carlisle.com), based in Charlotte, N.C., is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, heavy-haul truck trailer, refrigerated truck body, foodservice, aerospace, and test and measurement industries. Carlisle is a NYSE-listed company with approximately $2.8 billion in annual revenues and a current market capitalization of roughly $2.1 billion.