News

Carrier Global Sells Industrial Fire Business

1 Mins read

Carrier Global Sells Industrial Fire Business for $1.425 Billion

Carrier Global has announced the sale of its industrial fire business to private-equity firm Sentinel Capital Partners for a total enterprise value of $1.425 billion. This move comes as Carrier, a leading provider of heating, ventilation, and air-conditioning equipment, continues to strategically reshape its portfolio.

Proceeds and Debt Reduction

The company stated that it anticipates net proceeds exceeding $1.1 billion from the transaction. Carrier, headquartered in Palm Beach Gardens, Florida, intends to utilize these funds to reduce its debt load significantly.

Completion Timeline

The sale of the industrial fire business unit, which includes prominent brands such as Det-Tronics, Marioff, Autronica, and Fireye, employing approximately 1,400 individuals, is expected to be finalized in the third quarter.

Portfolio Adjustments

This divestment follows Carrier’s recent acquisition of Viessmann Climate Solutions for over $10 billion and prior deals involving the sale of its Global Access Solutions division to Honeywell for nearly $5 billion and its commercial refrigeration business to Haier for $775 million. The company remains committed to streamlining its operations by divesting both commercial and residential fire businesses, rounding out a series of four planned business exits.

Future Plans

Carrier has affirmed its intention to recommence share repurchases as it aims to achieve a net leverage of approximately 2X by the conclusion of this year.

About Sentinel Capital Partners

Sentinel Capital Partners, based in New York and specializing in mid-market companies, boasts a track record of raising over $11 billion in capital since its establishment.

Related posts
News

XRP Logs 4,335% Surge in Hourly Liquidation Imbalance, What's Next? - U.Today

1 Mins read
After struggling to hold steady at the $3 resistance level despite strong market momentum, XRP has finally returned to the red zone,…
News

Jurisdiction Miss Sinks Novel Crypto Suit Claim In Chancery - Law360

1 Mins read
By Jeff Montgomery ( October 6, 2025, 7:55 PM EDT) — In a first-of-its-kind decision, Delaware’s Court of Chancery on Monday upheld…
News

Japanese Stocks to Gain on Takaichi Win, Yen Drops: Markets Wrap

2 Mins read
(Bloomberg) — The yen fell after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become Japan’s next leader, boosting prospects for…

Leave a Reply

Your email address will not be published. Required fields are marked *