Brockway Moran to Sell Tri-Star Electronics to Carlisle Cos.
Carlisle Cos. said Monday that they agreed to buy Tri-Star Electronics International, in a cash merger valued at $285 million. The deal is subject to customary closing conditions but expected to close by Dec. 31. El Segundo, Calif.-based Tri-Star, which is backed by Brockway Moran & Partners, supplies electronic interconnect components for commercial aerospace, defense and industrial customers. Carlyle Cos. said the deal is expected to be accretive in the first year. SunTrust Robinson Humphrey provided financial advice to Carlisle.
14 November 2011•3 mins read
