Johnson Controls Mergers and Acquisitions Summary

Diversified Company

Johnson Controls has acquired 22 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 14 assets.

Johnson Controls’ largest acquisition to date was in 2005, when it acquired York International for $3.2B. It’s largest disclosed sale occurred in 2018, when it sold Johnson Controls - Power Solutions Business to Brookfield Private Equity for $13.2B. Johnson Controls has acquired in 9 different US states, and 7 countries. The Company’s most targeted sectors include automotive (20%) and engineering (15%).

Join Mergr and gain access to Johnson Controls’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity20
    • M&A Sell Activity14
  • Total Sectors Invested 11
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 20
  • M&A Advisors 9

Johnson Controls, Inc.

One Albert Quay ,
Cork, 53209
Ireland,
353 21 423 5000
www.johnsoncontrols.com

Johnson Controls is a diversified technology and industrial company. The Company creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls International was founded in 1885 and is based in Cork, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 18 1 - 1 - - 20
vol $5.6B $5.6B
Sell (1.0/yr) # 9 1 2 2 - - 14
vol $2.7B $2.0B $13.2B $17.9B
  34

Most Recent M&A

Company Date Value Type
Johnson Controls, Inc. - Power Solutions Business 2018-11-13 13.2B USD Divestiture
Milwaukee, Wisconsin
Lux Products Corporation 2018-10-02 - Add-on Acquisition
Philadelphia, Pennsylvania · www.luxproducts.com
Elpas Solutions Ltd. 2018-09-24 - Divestiture
Tel Aviv, Israel · www.elpas.com
Johnson Controls, Inc. - Grinnell Grooved Mechanical Products 2017-08-02 - Divestiture
Milwaukee, Wisconsin
Scott Safety Supply Services, Inc. 2017-03-16 2.0B USD Divestiture
Whitecourt, Alberta · www.scottsafety.ca
Johnson Controls, Inc. - Integrated Demand Resources Business 2016-05-02 - Divestiture
, United States
Tyco International Ltd. 2016-01-25 - Merger
Mahon, Ireland · www.tyco.com
Resolute Industrial LLC 2015-09-30 - Divestiture
Indianapolis, Illinois · www.resolute-industrial.com
Johnson Controls Security Systems LLC 2015-09-09 20M USD Divestiture
Gaithersburg, Maryland
Johnson Controls, Inc. - Global WorkPlace Solutions 2015-09-01 1.5B USD Divestiture
, Wisconsin
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 4 (20%) 490M (9%) 2 (14%) 700M (4%)
Manufacturing 3 (15%) 3.3B (59%) 3 (21%) -
Engineering 3 (15%) 1.6B (29%) - -
Business Services 2 (10%) - 1 (7%) 1.5B (8%)
Electrical Equipment 2 (10%) 145M (3%) 1 (7%) 13.2B (74%)
Information Technology 1 (5%) 32M (1%) 2 (14%) 20M (< 1%)
Consumer Products 1 (5%) - - -
Distribution 1 (5%) - - -
Safety/Security 1 (5%) - - -
Software 1 (5%) - - -
Test/Measurement Equipment 1 (5%) - - -
Electronics - - 1 (7%) 265M (1%)
Energy Services and Equipment - - 1 (7%) 2.0B (11%)
Marine - - 1 (7%) -
Medical Products - - 1 (7%) -
Staffing - - 1 (7%) 260M (1%)
Total 20 $5.6B 14 $17.9B

By Geo

State/Country Buy Value Sell Value
United States 12 5.5B 11 15.9B
  Wisconsin 2 145M 3 14.7B
  Pennsylvania 2 - - -
  Texas 1 1.6B - -
  Oklahoma 1 3.2B - -
  Missouri 1 - - -
  Michigan 1 490M - -
  Georgia 1 - - -
  California 1 32M - -
  Virginia - - 1 -
  Maryland - - 1 20M
  Illinois - - 1 -
  Florida - - 1 260M
Germany 3 - - -
Canada 1 - 1 2.0B
  Ontario 1 - - -
  Alberta - - 1 2.0B
Colombia 1 - - -
Denmark - - 1 -
France 1 - - -
Ireland 1 - - -
Israel - - 1 -
Sweden 1 62M - -
Domestic 1 (5%) - - -
Cross-border 19 (95%) 5.6B (100%) 14 (100%) 17.9B (100%)
Total 20 $5.6B 14 $17.9B

Top M&A Advisors

Financial Deals
Centerview Partners LLC
2
Barclays Investment Bank
1
William Blair & Co. LLC
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
2
Cleary Gottlieb Steen & Hamilton LLP
1
A&L Goodbody
1

Deal Values

buy # Total
> $1B 2 $4.8B
$100M to $1B 2 $635M
< $100M 3 $129M
TOTAL $5.6B
Largest York International Corp.
$3.2B (2005-08-03)
sell # Total
> $1B 3 $16.7B
$100M to $1B 3 $1.2B
< $100M 1 $20M
TOTAL $17.9B
Largest Johnson Controls, Inc. - Power Solutions Business
$13.2B (2018-11-13)

M&A Connections

Deals %
Acquired from
PE Firm(s)
67%
4 67%
Strategic(s)
33%
2 33%
Divested to
PE Firm(s)
23%
3 23%
Strategic(s)
77%
10 77%

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