Johnson Controls - M&A Summary and Business Overview

DiversifiedCompany

Johnson Controls M&A Summary

Johnson Controls has acquired 35 companies, including 12 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 15 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 Clarios to Brookfield Private Equity for $13.2B. Johnson Controls has acquired in 13 different US states, and 10 countries. The Company’s most targeted sectors include safety/security (19%) and manufacturing (13%).

Johnson Controls Business Overview

Where is Johnson Controls headquartered?

Johnson Controls is headquartered in Cork, Ireland.

What is Johnson Controls’ revenue?

Johnson Controls disclosed revenue of 25,299M USD for 2022 and 23,668M USD for 2021.

How many employees does Johnson Controls have?

Johnson Controls has 102,000 employees.

What sector is Johnson Controls in?

Johnson Controls is a diversified company.

When was Johnson Controls founded?

Johnson Controls was founded in 1885.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity32
    • M&A Sell Activity15
  • Total Sectors Invested 14
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 23
  • M&A Advisors 9

Johnson Controls

Johnson Controls, Inc.

One Albert Quay ,
Cork, T12 X8N6
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 was founded in 1885 and is based in Cork, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 20 2 1 6 3 - 32
vol $5.6B $870M $455M $6.9B
Sell (0.2/yr) # 14 1 - - - - 15
vol $17.9B $17.9B
  47

Most Recent M&A

Company Date Value Type
FM:Systems, Inc. 2023-07-17 455M USD Add-on Acquisition
Raleigh, North Carolina · www.fmsystems.com
M&M Carnot 2023-06-21 - Add-on Acquisition
Federalsburg, Maryland · www.mmcarnot.com
Hybrid Energy AS 2023-01-13 - Add-on Acquisition
Lysaker, Norway · www.hybridenergy.no
RescueAir Systems 2022-10-05 - Add-on Acquisition
San Carlos, California · www.rescueair.com
Vindex Systems Ltd. 2022-08-22 - Add-on Acquisition
Crawley, United Kingdom · www.vindexsystems.com
Tempered Networks, Inc. 2022-06-23 - Add-on Acquisition
Lynnwood, Washington · www.tempered.io
Security Enhancement Systems LLC 2022-04-19 - Add-on Acquisition
Northbrook, Illinois · www.securityenhancementsystems.com
FogHorn Systems, Inc. 2022-01-12 - Add-on Acquisition
Sunnyvale, California · www.foghorn.io
Johnson Controls Security Solutions 2022-01-01 - Add-on Acquisition
Milwaukee, Wisconsin
Silent-Aire 2021-04-09 870M USD Add-on Acquisition
Edmonton, Alberta · www.silent-aire.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 4 (13%) 3.3B (47%) 3 (20%) -
Safety/Security 6 (19%) - - -
Automotive 4 (13%) 490M (7%) 2 (13%) 700M (4%)
Engineering 4 (13%) 2.5B (36%) - -
Software 3 (9%) 455M (7%) - -
Business Services 2 (6%) - 1 (7%) 1.5B (8%)
Electrical Equipment 2 (6%) 145M (2%) 1 (7%) 13.2B (74%)
Information Technology 1 (3%) 32M (< 1%) 2 (13%) 20M (< 1%)
Consumer Products 1 (3%) - - -
Distribution 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Semiconductors 1 (3%) - - -
Technology Hardware 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Electronics - - 1 (7%) 265M (1%)
Energy Services and Equipment - - 1 (7%) 2.0B (11%)
Machinery - - 1 (7%) -
Marine - - 1 (7%) -
Medical Products - - 1 (7%) -
Staffing - - 1 (7%) 260M (1%)
Total 32 $6.9B 15 $17.9B

By Geo

State/Country Buy Value Sell Value
United States 20 6.0B 12 15.9B
  Wisconsin 3 145M 3 14.7B
  California 4 32M - -
  Pennsylvania 2 - - -
  Michigan 1 490M 1 -
  Maryland 1 - 1 20M
  Illinois 1 - - -
  Georgia 1 - - -
  Washington 1 - - -
  Texas 1 1.6B - -
  Oklahoma 1 3.2B - -
  North Carolina 1 455M - -
  Missouri 1 - - -
  Indiana - - 1 -
  Florida - - 1 260M
  Virginia - - 1 -
Canada 2 870M 1 2.0B
  Alberta 1 870M 1 2.0B
  Ontario 1 - - -
Germany 3 - - -
Colombia 1 - - -
Denmark - - 1 -
France 1 - - -
Ireland 1 - - -
Israel - - 1 -
Netherlands 1 - - -
Norway 1 - - -
Sweden 1 62M - -
United Kingdom 1 - - -
Domestic 1 (3%) - - -
Cross-border 31 (97%) 6.9B (100%) 15 (100%) 17.9B (100%)
Total 32 $6.9B 15 $17.9B

Top M&A Advisors

Financial Deals
Centerview Partners
3
BofA Securities
1
Goldman Sachs
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
2
Wachtell, Lipton, Rosen & Katz
2
A&L Goodbody
1

Deal Values

buy # Total
> $1B 2 $4.8B
$100M to $1B 4 $2.0B
< $100M 3 $129M
TOTAL $6.9B
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 Clarios
$13.2B (2018-11-13)

M&A Connections

Deals
Acquired from
Investor(s)
13%
4 (13%)
Strategic(s)
3%
1 (3%)
Divested to
Investor(s)
27%
4 (27%)
Strategic(s)
67%
10 (67%)

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