Tag: David Gitlin
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...
Honeywell acquires Carrier’s Global Access Solutions for $4.95 billion
December 8, 2023SSN Staff
CHARLOTTE, N.C.—Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion in an all-cash transaction.
The acquisition will add three respected brands to Honeywell’s portfolio with a focus on life safety and digital access solutions, including:
LenelS2, a business for over 25 years in commercial and enterprise access solutions, including...