M&A Deal Summary

Lone Star Funds Acquires Kidde Global Solutions

On December 2, 2024, private equity firm Lone Star Funds acquired safety/security company Kidde Global Solutions from Carrier for 3.0B USD

Acquisition Highlights
  • This is Lone Star Funds’ 1st transaction in the Safety/Security sector.
  • This is Lone Star Funds’ 4th largest (disclosed) transaction.
  • This is Lone Star Funds’ 13th transaction in the United States.
  • This is Lone Star Funds’ 1st transaction in Florida.

M&A Deal Summary

Date 2024-12-02
Target Kidde Global Solutions
Sector Safety/Security
Buyer(s) Lone Star Funds
Sellers(s) Carrier
Deal Type Divestiture
Deal Value 3.0B USD

Target

Kidde Global Solutions

Palm Beach Gardens, Florida, United States
Kidde Global Solutions offers advanced solutions and services to protect people and property in a wide range of applications, from complex commercial facilities to homes. Kidde Global Solutions unifies some of the most trusted and iconic brands in fire and life safety, including Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritec. Kidde Global Solutions is based in Palm Beach Gardens, Florida.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 27 of 27
Sector (Safety/Security) 1 of 1
Type (Divestiture) 7 of 7
State (Florida) 1 of 1
Country (United States) 13 of 13
Year (2024) 2 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 AOC Trusted Solutions

Collierville, Tennessee, United States

AOC is a manufacturer of specialty chemical formulations in the unsaturated polyester and vinyl ester sectors. With operations in North America, Europe and Asia, AOC serves customers globally in the infrastructure, construction (residential and commercial), transportation, and recreation sectors. AOC is based in Collierville, Tennessee.

Sell -

Seller(S) 1

SELLER

Carrier

Palm Beach Gardens, Florida, United States

Category Company
Founded 2019
Sector Machinery
Employees53,000
Revenue 22.1B USD (2023)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.


DEAL STATS #
Overall 14 of 14
Sector (Safety/Security) 3 of 3
Type (Divestiture) 11 of 11
State (Florida) 3 of 3
Country (United States) 6 of 6
Year (2024) 3 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Carrier Commercial Refrigeration

Rueil-Malmaison, France

Carrier Commercial Refrigeration specializes in high-efficiency, sustainable refrigeration solutions for various commercial and industrial applications. Carrier Commercial Refrigeration is based in Rueil-Malmaison, France.

Sell $775M