Carrier Global Mergers and Acquisitions Summary

Machinery Company

Carrier Global has acquired 10 companies. A total of 4 acquisitions came from private equity firms. It has also divested 9 assets.

Carrier Global’s largest acquisition to date was in 2005, when it acquired CommAir Mechanical Services for $32M. It’s largest disclosed sale occurred in 2018, when it sold Carrier - Carrier Refrigeration Service Operations to Bravida AB for -. Carrier Global has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include business services (23%) and distribution (23%).

Join Mergr and gain access to Carrier Global’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity9
    • M&A Sell Activity9
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 16
  • M&A Advisors 3

Carrier Global Corp.

One Carrier Place ,
Farmington, Connecticut 06034
United States,
(860) 674-3000
www.carrier.com

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 formed in 1915 and is headquartered in Farmington, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 9 - - - - - 9
vol $32M $32M
Sell (0.4/yr) # 7 - 1 - 1 - 9
  18

Most Recent M&A

Company Date Value Type
Beijer Ref AB 2020-12-07 - Stake Purchase
Malmö, Sweden · www.beijerref.com
Carrier Corp. - Carrier Refrigeration Service Operations 2018-11-28 - Divestiture
Stockholm, Sweden
Carrier Holland Heating 2013-03-05 - Divestiture
Waalwijk, Netherlands · www.hollandheating.nl
Refrigerated Container Services, Inc. 2013-01-01 - Add-on Acquisition
La Porte, United States · www.rcsgroup.com
Smith-Holland BV 2012-06-29 - Add-on Acquisition
Spijkenisse, Netherlands · www.smith-europe.eu
Micro Thermo Technologies, Inc. 2010-08-24 - Divestiture
Mirabel, Quebec
Heat Transfer Products Group, LLC 2010-07-09 - Divestiture
Scottsboro, Alabama · www.htpgusa.com
StrionAir, Inc. 2009-08-31 - Add-on Acquisition
Louisville, Colorado · www.strionair.com
Tyler Refrigeration 2009-05-08 - Divestiture
Niles, Michigan
NORESCO LLC 2008-11-21 - Add-on Acquisition
Westborough, Massachusetts · www.noresco.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Sensitech, Inc. 2006-06-16 FreightWatch International Ltd. 2012-06-18 1
Beverly, Massachusetts · www.sensitech.com Austin, Texas · www.freightwatchintl.com

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 2 (22%) - 3 (33%) -
Business Services 2 (22%) 32M (100%) 1 (11%) -
Distribution 2 (22%) - 1 (11%) -
Machinery - - 2 (22%) -
Electronics 1 (11%) - - -
Energy Services and Equipment 1 (11%) - - -
Environmental 1 (11%) - - -
Metals/Mining - - 1 (11%) -
Transportation - - 1 (11%) -
Total 9 $32M 9 -

By Geo

State/Country Buy Value Sell Value
United States 8 32M 3 -
  Massachusetts 2 - - -
  Colorado 2 - - -
  California 2 32M - -
  Texas 1 - - -
  Georgia 1 - - -
  Michigan - - 1 -
  Alabama - - 1 -
Netherlands 1 - 2 -
Canada - - 2 -
  Quebec - - 2 -
Sweden - - 2 -
Domestic 8 (89%) 32M (100%) 3 (33%) -
Cross-border 1 (11%) - 6 (67%) -
Total 9 $32M 9 -

Top M&A Advisors

Financial Deals
Scott-Macon Ltd.
2
Seale & Associates, Inc.
1
PhiDelphi Corporate Finance B.V
1

Deal Values

buy # Total
< $100M 1 $32M
TOTAL $32M
Largest CommAir Mechanical Services, Inc.
$32M (2005-05-31)
sell # Total
TOTAL -
Largest Carrier Corp. - Carrier Refrigeration Service Operations
- (2018-11-28)

M&A Connections

Deals
Acquired from
Investor(s)
33%
3 (33%)
Strategic(s)
11%
1 (11%)
Divested to
Investor(s)
33%
3 (33%)
Strategic(s)
67%
6 (67%)

 Subscribe to unlock this and 161,366
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 150K M&A Transactions
  • 157K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 48K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.