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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 Global Corporation, David Gitlin, Goldman Sachs, J.P. Morgan Securities, Linklaters, Lone Star Funds, Paul, Weiss, Rifkind, Wharton & Garrison, Viessmann Climate Solutions