Tag: Linklaters
Carrier closes $3 billion sale of its commercial and residential fire business
December 2, 2024SSN Staff
PALM BEACH GARDENS, Fla.—Carrier Global Corp., a global provider of intelligent climate and energy solutions, announced it has completed the sale of its commercial and residential fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion.
"The sale of our commercial and residential fire business is the final step in our strategic portfolio transformation, further simplifying and focusing our company, and strengthening our global leadership position...
Carrier to sell industrial fire business to Sentinel Capital Partners for $1.425 billion
March 5, 2024SSN Staff
PALM BEACH GARDENS, Fla.—Carrier Global Corp. announced it has entered into a definitive agreement to sell its industrial fire business, which includes brands Det-Tronics, Marioff, Autronica and Fireye, to Sentinel Capital Partners for an enterprise value of $1.425 billion.
Today's announcement represents the latest step in Carrier's ongoing portfolio transformation following the recently announced agreements to sell Carrier's global access...