Southfield-based P&M Corporate Finance served as the exclusive financial adviser to the acquisition of Hosco Fittings, Classic Precision and Integrated Dispense Solutions in their sale to Carlisle Fluid Technologies, a division of Charlotte-based Carlisle Cos. Inc.
PMCF served as exclusive investment banker to the shareholders of Hosco, Classic Precision and IDS, managing the entire transaction process.
"Carlisle is well positioned to recognize and benefit from the strategic value of these operating businesses," PMCF Managing Director Joe Wagner said in a statement. "This transaction represents the culmination of years of hard work by the shareholders and we're proud to be able to secure this transaction outcome for them."
Wixom-based Hosco is a manufacturer of precision stainless steel fluid handling components designed for high-volume, high-purity paint circulating and application finishing systems. Classic Precision, also based in Wixom, specializes in close tolerance machining of super alloy components for the aerospace and defense markets. IDS operates out of Shelby Township, designing and manufacturing dispensing solutions for precision applications of high-viscosity materials.
Carlisle is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions for the commercial roofing, specialty polyurethane, aerospace, medical, defense, transportation, industrial, protective coating, auto refinishing, agriculture, mining and construction industries.