Carrier Mergers & Acquisitions

Carrier M&A Summary

Carrier has acquired 16 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 15 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 2023, when it sold Global Access Solutions to Honeywell International for $5.0B. Carrier has acquired in 7 different US states, and 6 countries. The Company’s most targeted sectors include distribution (20%) and manufacturing (20%).

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity15
    • M&A Sell Activity15
  • Total Sectors Invested 8
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 21

Carrier

Carrier Global Corp.

13995 Pasteur Boulevard,
Palm Beach Gardens, Florida 33418
United States,
(561) 365-2000
www.carrier.com

All (30) Buy (15) Sell (15)
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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