M&A Deal Summary

Carrier Acquires BrokerBay

On September 16, 2021, Carrier acquired software company BrokerBay

Acquisition Highlights
  • This is Carrier’s 1st transaction in the Software sector.
  • This is Carrier’s 1st transaction in Canada.
  • This is Carrier’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-09-16
Target BrokerBay
Sector Software
Buyer(s) Carrier
Deal Type Add-on Acquisition

Target

BrokerBay

Toronto, Ontario, Canada
website
BrokerBay is involved in the development of an advanced, streamlined, and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access. BrokerBay was formed in 2016 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Carrier

Palm Beach Gardens, Florida, United States

website

Category Company
Founded 2019
Sector Machinery
Employees52,000
Revenue 20.4B USD (2022)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.

DEAL STATS #
Overall 12 of 14
Sector (Software) 1 of 2
Type (Add-on Acquisition) 10 of 12
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Chubb

Ashford, United Kingdom

Chubb is a fire safety and security provider, offering customers complete and reliable services from design and installation to monitoring and ongoing maintenance. Chubb is based in Ashford, United Kingdom.

Sell $3.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Nlyte Software

Edison, New Jersey, United States

Nlyte Software is a software company focused on planning, managing, and optimizing data centers. The company enables enterprises to extend IT management software to include the physical layer with the logical and virtual layers of the data center, maximizing the financial benefits from the optimized utilization of assets, power, and space. Its proven platform is used in the data centers of some of the largest and most valued companies in the world. Nlyte Software was formed in 2003 and is based in Edison, New Jersey.

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