Carrier Global to sell commercial and residential fire business in $3 bln deal-March 2024-www.financetom.com

Carrier Global to sell commercial and residential fire business in $3 bln deal

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Carrier Global to sell commercial and residential fire business in $3 bln deal

Aug 15, 2024 4:49 AM

Aug 15 (Reuters) - Carrier Global Corp ( CARR ) said on

Thursday it would sell its commercial and residential fire

business to an affiliate of private equity firm Lone Star Funds

in a deal valued at $3 billion, pressing ahead with the

divestment of non-core assets to focus on its heating and

cooling equipment businesses.

The company sold its industrial fire division to

Sentinel Capital Partners in March, and its security unit to

Honeywell ( HON ) last year while buying German industrial firm

Viessmann's air conditioning division.

The deal is expected to close by the end of 2024.

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