This transaction comes on the heels of Carrier’s previous divestitures, including the sale of its security business to Honeywell for an enterprise value of around $5 billion in December. Furthermore, Carrier inked a deal to offload its commercial refrigeration business in the same month for an enterprise value of $775 million.
Unwavering Commitment to Transformation
While Carrier continues to navigate through this transformative phase, preparations are underway for the forthcoming sale of its combined commercial and residential fire units. The company’s unwavering focus remains on providing cutting-edge solutions for “healthy, safe, sustainable, and intelligent buildings,” particularly through its heating, ventilation, and air conditioning offerings.
Goldman Sachs & Co. and J.P. Morgan Securities are serving as financial advisers to Carrier, ensuring smooth navigation through these strategic transitions.
Carrier to sell industrial fire business in $1.43 billion deal: Legal Insights
The legal team at Paul Weiss, led by partners Laura C. Turano and counsel Dotun Obadina, played a pivotal role in facilitating Carrier’s agreement with Sentinel Capital Partners.
