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Carrier to Sell Industrial Fire Business to Sentinel Capital in $1.425 Billion Deal
- Client News
- March 5, 2024
Paul, Weiss is advising intelligent climate and energy solutions leader Carrier Global Corporation in the sale of its industrial fire business to Sentinel Capital Partners for an enterprise value of $1.425 billion. Carrier’s industrial fire business is a global leader in fire detection and suppression solutions for high-hazard applications across verticals such as critical infrastructure, oil and gas, marine and clean energy. The sale will include the industry-leading Det-Tronics, Marioff, Autronica and Fireye brands. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals and customary closing conditions.
The Paul, Weiss team is led by corporate partner Laura Turano and counsel Dotun Obadina, and includes partner Caith Kushner and counsel Nathan Mitchell and Christopher Dickson; litigation partners Joshua Soven, Lewis Clayton and John Carlin, and counsel Steven Herzog; tax partners Robert Holo and Robert Killip; intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; executive compensation partner Jean McLoughlin and counsel Ron Aizen; real estate partner Peter Fisch; restructuring partner Robert Britton; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.