One Rock Capital Partners-backed CentroMotion to acquire Carlisle Brake & Friction from Carlisle Companies for c. $375m.

One Rock Capital Partners-backed CentroMotion, a manufacturer of motion, actuation and control solutions, agreed to acquire Carlisle Brake & Friction, a solutions provider of high performance and severe duty brake, from Carlisle Companies, a diversified industrial company, for c. $375m. "The divestiture of Brake & Friction is consistent with our Vision 2025 strategy to simplify our portfolio, which, we believe, will deliver better returns for our shareholders. As we enter a post-Covid-19 world, this transaction also aligns with Carlisle’s pivot to focusing on expansion of our building products segment," Chris Koch, Carlisle Companies Chairman, President and CEO.