Carrier Mergers and Acquisitions Summary

MachineryCompany

Carrier has acquired 15 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 10 assets.

Carrier’s largest acquisition to date was in 2005, when it acquired CommAir Mechanical Services for $32M. It’s largest disclosed sale occurred in 2021, when it sold Chubb Fire & Security Group to APi Group for $3.1B. Carrier has acquired in 7 different US states, and 5 countries. The Company’s most targeted sectors include distribution (22%) and manufacturing (22%).

Join Mergr and gain access to Carrier’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 Activity24
    • M&A Buy Activity14
    • M&A Sell Activity10
  • Total Sectors Invested 8
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 17
  • M&A Advisors 4

Carrier

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 (1.0/yr) # 9 - - - - 5 14
vol $32M $32M
Sell (0.6/yr) # 7 - 1 - 1 1 10
vol $3.1B $3.1B
  24

Most Recent M&A

Company Date Value Type
Cavius ApS 2021-10-19 - Add-on Acquisition
Silkeborg, Denmark · www.cavius.com
Nlyte Software, Inc. 2021-09-22 - Add-on Acquisition
Edison, New Jersey · www.nlyte.com
BrokerBay, Inc. 2021-09-16 - Add-on Acquisition
Toronto, Ontario · www.brokerbay.com
Chubb Fire & Security Group 2021-07-27 3.1B USD Divestiture
Ashford, United Kingdom · www.chubbfiresecurity.com
Guangdong Giwee Group Co., Ltd. 2021-04-13 - Add-on Acquisition
Foshan City, China · www.giwee.com
Temperature Equipment Corp. (TEC) 2021-03-16 - Add-on Acquisition
Chicago, Illinois · www.tecmungo.com
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
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 3 (21%) - 3 (30%) -
Distribution 3 (21%) - 1 (10%) -
Business Services 2 (14%) 32M (100%) 1 (10%) -
Software 2 (14%) - - -
Safety/Security 1 (7%) - 1 (10%) 3.1B (100%)
Machinery - - 2 (20%) -
Electronics 1 (7%) - - -
Energy Services and Equipment 1 (7%) - - -
Environmental 1 (7%) - - -
Metals/Mining - - 1 (10%) -
Transportation - - 1 (10%) -
Total 14 $32M 10 $3.1B

By Geo

State/Country Buy Value Sell Value
United States 10 32M 3 -
  Massachusetts 2 - - -
  Colorado 2 - - -
  California 2 32M - -
  Texas 1 - - -
  New Jersey 1 - - -
  Illinois 1 - - -
  Georgia 1 - - -
  Michigan - - 1 -
  Alabama - - 1 -
Canada 1 - 2 -
  Quebec - - 2 -
  Ontario 1 - - -
Netherlands 1 - 2 -
Sweden - - 2 -
China 1 - - -
Denmark 1 - - -
United Kingdom - - 1 3.1B
Domestic 10 (71%) 32M (100%) 3 (30%) -
Cross-border 4 (29%) - 7 (70%) 3.1B (100%)
Total 14 $32M 10 $3.1B

Top M&A Advisors

Financial Deals
Scott-Macon Ltd.
2
Bank of America Merrill Lynch (BofA Securities)
1
Seale & Associates, Inc.
1

Deal Values

buy # Total
< $100M 1 $32M
TOTAL $32M
Largest CommAir Mechanical Services, Inc.
$32M (2005-05-31)
sell # Total
> $1B 1 $3.1B
TOTAL $3.1B
Largest Chubb Fire & Security Group
$3.1B (2021-07-27)

M&A Connections

Deals
Acquired from
Investor(s)
21%
3 (21%)
Strategic(s)
7%
1 (7%)
Divested to
Investor(s)
30%
3 (30%)
Strategic(s)
70%
7 (70%)

 Subscribe to unlock this and 170,197
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
  • 4.2K Private Equity Firms
  • 160K M&A Transactions
  • 166K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.3K M&A Advisors
    (Investment Banks and Law Firms)
  • 58K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.