Tag: J.P. Morgan
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...
Johnson Controls announces prices for senior notes offering
August 26, 2022SSN Staff
CORK, Ireland – Fire, HVAC, and building security equipment provider Johnson Controls has announced the pricing on its senior notes offering.
According to the company’s official release, the pricing of its offering is at €600 million senior notes due 2028. The company said that net proceeds will be used for general purposes, including debt repayment, but could include acquisitions, repurchase of ordinary shares, additions to working capital and other corporate purposes. “Tyco...
For sale: Protection One
February 1, 2010Martha Entwistle
LAWRENCE, Kan.—Three days after the largest security company (ADT) announced it was buying the second-largest alarm company (Broadview Security), Protection One, the third largest alarm company, announced it is exploring its strategic alternatives, including a sale of the company.
“The financial markets are much stronger now than they were a year or so ago. Our company is performing well, and our balance sheet is in great shape,” Richard Ginsburg, Protection One CEO told Security...