Big Law

Carrier Will Sell Its Industrial Fire Business in a $1.43 Billion Deal

Carrier will sell its Industrial Fire division to Sentinel Capital Partners in a $1.43 billion deal, the company said on Tuesday, pressing ahead with the divestment of non-core assets to focus on heating and cooling equipment businesses.

The company sold its security unit to Honeywell last year while buying German industrial firm Viessmann’s air conditioning division.

“This transaction marks another milestone in our transformation…and furthers our vision to become the global leader in intelligent climate and energy solutions,” Carrier’s CEO David Gitlin said in a statement on Tuesday.

Read the source article at Yahoo Finance

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