M&A Deal Summary

Johnson Controls Acquires CAL-AIR

On November 1, 2004, Johnson Controls acquired engineering company CAL-AIR for 35M USD

Acquisition Highlights
  • This is Johnson Controls’ 1st transaction in the Engineering sector.
  • This is Johnson Controls’ 8th largest (disclosed) transaction.
  • This is Johnson Controls’ 2nd transaction in the United States.

M&A Deal Summary

Date 2004-11-01
Target CAL-AIR
Sector Engineering
Buyer(s) Johnson Controls
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Kerlin Capital Group (Financial)

Target

CAL-AIR

United States
CAL-AIR is a Southern California-based engineering and technical facilities services provider.

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Buyer(S) 1

Buyer

Johnson Controls

Cork, Ireland

Category Company
Founded 1885
Sector Diversified
Employees94,000
Revenue 23.0B USD (2024)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that 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.


DEAL STATS #
Overall 4 of 33
Sector: Engineering M&A 1 of 3
Type: Add-on Acquisition M&A Deals 4 of 28
Country: United States M&A 2 of 21
Year: 2004 M&A 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-23 Borg Instruments AG

Remchingen, Germany

Borg Instruments AG, an automotive electronics company. Borg Instruments specializes in high-end instrument clusters, reconfigurable and other information displays.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-11 Johnson Controls World Services

Cape Canaveral, Florida, United States

Johnson Controls Worldwide Services provides the U.S. government with base operations and contingency support, logistics and workforce management and temporary personnel services.

Sell $260M