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Ariston Thermo Mergers & Acquisitions

Ariston Thermo M&A Summary

Ariston Thermo has acquired 4 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Ariston Thermo’s largest acquisition to date was in 2025, when it acquired Carrier - Riello business for $430M. Ariston Thermo has acquired in 1 US state, and 4 countries. The Company’s most targeted sectors include business services (25%) and machinery (25%).

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 4

Ariston Thermo SPA

Viale Aristide Merloni 45,
Fabriano, 60044
Italy,
+39 07 326011
www.ariston.com

All (4) Buy (4) Sell (-)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-12-16 Carrier - Riello business · Machinery
Palm Beach Gardens, Florida

Carrier's Riello business offers combustion technology and heating solution products, with capabilities centred on burners, combustion systems, and climate comfort equipment. Carrier's Riello business is based in Palm Beach Gardens, Florida.

430 Divestiture

Ariston Thermo SPA

Carrier
Advisors: BofA Securities , Linklaters


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