Lindquist & Vennum client Graco Inc. recently announced its entry into a definitive agreement with Carlisle Companies Incorporated, pursuant to which Graco has agreed to sell, in a $590 million cash deal, the finishing brands business it acquired from Illinois Tool Works Inc. in April 2012. Graco reported that it expects the transaction to close no later than the first quarter 2015. Graco has been holding separate the finishing brands business by order of the U.S. Federal Trade Commission. Attorneys Joe Humke and Chuck Moorse are leading the Lindquist team in representing Graco on the transaction.