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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...

Autronica, Carrier Global Corp., David Gitlin, Det-Tronics, Fireye, Goldman Sachs, Haier, Honeywell, J.P. Morgan, Linklaters, Marioff, Paul, Weiss, Rifkind, Wharton & Garrison, Sentinel Capital Partners, Viessmann Climate Solutions