Carrier Sells Chubb Fire & Security Business for $3.1B
The sale is said to enable Carrier to focus on its core businesses and to re-allocate net proceeds consistent with its stated capital allocation priorities.
The sale is said to enable Carrier to focus on its core businesses and to re-allocate net proceeds consistent with its stated capital allocation priorities.
CI Capital Partners, with approximately $1.3 billion in assets under management, is partnering with Paul Winnowski to consolidate the two growing industries.
Carrier’s security and fire/life-safety business encompasses a wide range of residential, commercial and industrial systems.
Security specialists from across the industry landscape provide their take on critical shortcomings that led to the once-vaunted brand’s fall from grace.
UTC halted the sale of its fire-safety and security business due to recent market volatility, deciding to focus instead on its portfolio separation plans.
Take an inside look at UTC’s Center for Intelligent Buildings. Also, executives weigh in on the Center’s impact, as well as busy happenings in the LenelS2 and Interlogix branches.
The Climate, Controls & Security (CCS) unit will be renamed Carrier and spun off, as UTC explores divesting its fire and security business.
Anonymous sources told Bloomberg UTC has received offers from Apax Partners and PAI Partners, as well as a joint bid from Eurazeo SE and Rhone Capital.
LenelS2 will provide scalable, cutting-edge customer solutions in the access control and security management systems industry.
Activist investors have been putting pressure on UTC to break up into three focused, standalone businesses, according to Reuters.
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