Carrier Finalizes $3 Billion Sale of Fire Business to a Lone Star Affiliate

Carrier

US: Carrier Global Corporation (NYSE: CARR) has entered into a definitive agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. This sale is a significant step in Carrier's ongoing transformation into a focused, agile, higher-growth, pure-play company. Following this sale, Carrier plans to use the estimated $2.2 billion in net proceeds primarily for share repurchases. The sale is expected to close by the end of 2024, pending regulatory approvals. 

Source: Carrier