Carlisle Cos. (CSL) Announces Acquisition of Star Aviation

October 3, 2016 4:37 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Carlisle Companies Incorporated (NYSE: CSL) announced the acquisition of Star Aviation, Inc., a leading provider of design and engineering services, testing and certification work and manufactured products for in-flight connectivity applications on commercial, business and military aircraft.

With annual sales of approximately $30 million and 150 employees, Star Aviation has manufacturing facilities in Mobile, Alabama and a technical services facility in Lynnwood, Washington. The company is a supplier to the world’s leading providers of Wi-Fi and other in-flight connectivity systems used on a broad range of aircraft platforms.

The business will operate as part of Carlisle Interconnect Technologies, a global provider of specialty wire and cable, and interconnect components for commercial and military aircraft, avionics systems, in-flight entertainment, communications systems and medical devices.

D. Christian “Chris” Koch, Carlisle’s President and Chief Executive Officer, said “Star Aviation is an excellent fit with Carlisle Interconnect Technologies and will add significant engineering resources and technology to support our current initiatives in the very attractive in-flight connectivity sector. Star Aviation provides Carlisle established access to retrofit opportunities to complement our leading position in line-fit applications of in-flight connectivity systems. This acquisition furthers our growth initiatives into higher margin, highly engineered products. We are very pleased to welcome the Star Aviation team to Carlisle.”

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Earnings, Definitive Agreement

Add Your Comment