Lone Star Funds acquires Carrier Global Corporation's Commercial and Residential Fire business for $3B

Dec 02, 2024•8 months ago

Acquiring Company

Lone Star Funds

Acquired Company

Carrier

Dallas

Palm Beach GardensAngel InvestmentFinanceFinancial ServicesVenture CapitalBuilding MaterialWholesale

Description

Carrier Global Corporation has completed the sale of its Commercial and Residential Fire business to Lone Star Funds for an enterprise value of $3 billion. This strategic move is part of Carrier's portfolio transformation, allowing the company to simplify and focus on intelligent climate and energy solutions.

Company Information

Company

Lone Star Funds

Location

6688 N Central Expy, Suite 1600

Dallas, Texas, United States

About

Lone Star Funds is a leading private equity firm advising funds that invest globally in corporate equity, credit, real estate, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 23 private equity funds with aggregate capital commitments totaling approximately $87 billion. The firm invests on behalf of institutional investors such as pension funds, sovereign wealth funds, foundations, and endowments that support various philanthropic causes.

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