v3.26.1
Acquisitions
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
2025 Acquisitions
Bonded Logic
On June 30, 2025, the Company completed the acquisition of selected assets of Bonded Logic, Inc. and Phoenix Fibers, LLC (collectively, "Bonded Logic"), for cash consideration of $61.4 million. Bonded Logic is a U.S. manufacturer of sustainable thermal and acoustical insulation products and is best known for its innovative natural fiber insulation products. The acquisition of Bonded Logic is consistent with Carlisle’s Vision 2030 strategy and its strategic pivot to a pure play building products company. The acquisition reinforces Carlisle’s emphasis on increased investment in innovation, synergistic M&A, delivering on its sustainability commitments, and bringing to market new building envelope products that deliver energy efficiency and contractor labor-savings.
The following table summarizes the consideration transferred to acquire Bonded Logic and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.
Preliminary AllocationMeasurement Period AdjustmentsPreliminary Allocation
(in millions)As of
6/30/2025		As of
3/31/2026
Total cash consideration transferred$60.7 $0.7 $61.4 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables, net3.2 — 3.2 
Inventories5.0 (1.7)3.3 
Other current assets0.1 — 0.1 
Property, plant, and equipment13.5 (0.7)12.8 
Other intangible assets9.0 — 9.0 
Other long-term assets10.2 — 10.2 
Accounts payable(3.3)— (3.3)
Other current liabilities(5.2)2.4 (2.8)
Other long-term liabilities(7.7)— (7.7)
Total identifiable net assets24.8 — 24.8 
Goodwill$35.9 $0.7 $36.6 
ThermaFoam
On February 3, 2025, the Company completed the acquisition of selected assets of ThermaFoam Operating LLC, PowerFoam LLC, and ThermaFoam Real Estate LLC (collectively, "ThermaFoam"), for cash consideration of $53.7 million. ThermaFoam provides expanded polystyrene insulation products into the commercial, residential, and infrastructure construction markets through both the ThermaFoam and PowerFoam brands. The purchase of ThermaFoam supports Carlisle’s Vision 2030 strategy and strategic pivot to a pure play building products company and leverages Carlisle’s vertically integrated expanded polystyrene capabilities while adding geographic coverage in Texas and the South Central United States.
The following table summarizes the consideration transferred to acquire ThermaFoam and the allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill.
Preliminary AllocationMeasurement Period AdjustmentsFinal Allocation
(in millions)As of
2/3/2025		As of
2/2/2026
Total cash consideration transferred$52.9 $0.8 $53.7 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables, net2.7 0.2 2.9 
Inventories1.4 — 1.4 
Other current assets0.1 — 0.1 
Property, plant, and equipment8.8 (0.1)8.7 
Other intangible assets6.7 — 6.7 
Accounts payable(0.9)0.1 (0.8)
Other current liabilities(0.6)0.3 (0.3)
Total identifiable net assets18.2 0.5 18.7 
Goodwill$34.7 $0.3 $35.0