M&A Deal Summary

Carrier Acquires CommAir Mechanical Services

On May 31, 2005, Carrier acquired business services company CommAir Mechanical Services from ABM for 32M USD

Acquisition Highlights
  • This is Carrier’s 1st transaction in the Business Services sector.
  • This is Carrier’s largest (disclosed) transaction.
  • This is Carrier’s 3rd transaction in the United States.
  • This is Carrier’s 1st transaction in California.

M&A Deal Summary

Date 2005-05-31
Target CommAir Mechanical Services
Sector Business Services
Buyer(s) Carrier
Sellers(s) ABM
Deal Type Divestiture
Deal Value 32M USD

Target

CommAir Mechanical Services

Oakland, California, United States
CommAir Mechanical Services, Inc. engages in maintaining, repairing, and installing heating, ventilation, air conditioning, and refrigeration equipment and systems.

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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 4 of 14
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 2
Country (United States) 3 of 10
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-23 Automated Logic

Kennesaw, Georgia, United States

Automated Logic designs and manufactures innovative building automation and control systems primarily for heating, ventilation, air conditioning and energy management applications. ALC’s systems are installed in commercial office buildings, educational facilities, industrial plants, critical data facilities, healthcare facilities, government complexes, hospitality/entertainment venues and retail locations worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-16 Sensitech

Beverly, Massachusetts, United States

Sensitech offers a robust portfolio of products and services designed to help you monitor and manage the cold chain of the world’s most temperature-sensitive, perishable products: food, pharmaceuticals, biologics, and industrial chemicals.

Buy -

Seller(S) 1

SELLER

ABM

New York, New York, United States

website


Category Company
Founded 1909
Sector Business Services
Employees100,000
Revenue 7.8B USD (2022)
DESCRIPTION

ABM is a provider of end-to-end integrated facility solutions services to commercial, governmental, industrial, institutional, retail, and residential facilities located primarily throughout the United States. The Company’s comprehensive capabilities include expansive facility solutions, energy solutions, commercial cleaning, maintenance and repair, HVAC, electrical, landscaping, parking and security services, provided through stand-alone or integrated solutions. ABM was incorporated in 1909 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 4
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 4
State (California) 2 of 2
Country (United States) 2 of 4
Year (2005) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-04 AmGuard Security And Patrol Services

Germantown, Maryland, United States

AmGuard Security And Patrol Services, is a provider of security officer services, primarily to high-rise, commercial and residential structures.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-03 ABM Industries - Mechanical Operation

United States

ABM Industries, water treatment business comprises Microfloc and General Filter product portfolio that are helpful in water treatment.

Sell $500K