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’ 5th largest (disclosed) transaction.
  • This is Lone Star Funds’ 14th transaction in the United States.
  • This is Lone Star Funds’ 3rd transaction in North Carolina.

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

Mebane, North Carolina, 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 Mebane, North Carolina.

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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 95.0B 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 29
Sector: Safety/Security M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
State: North Carolina M&A 3 of 3
Country: United States M&A 14 of 15
Year: 2024 M&A 2 of 2
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 AOC Trusted Solutions

Collierville, Tennessee, United States

AOC Trusted Solutions is a global CASE & Colorants company focused on producing and formulating unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings & protective barriers, colorants & visual effects, adhesives, and conventional composite resins. It serves customers globally with specialty products for the automotive, marine, corrosion, construction, and infrastructure segments. AOC Trusted Solutions was founded in 1960 and is based in Collierville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 RadiciGroup - Specialty Chemicals and High Performance Polymers Business

Gandino, Italy

RadiciGroup's Specialty Chemicals and High-Performance Polymers Business offers a polyamide production chain, developed to be used in a variety of industrial sectors such as automotive, electrical and electronics, consumer goods, apparel, furnishings, construction, household appliances, and sport.

Buy -

Seller(S) 1

SELLER

Carrier

Palm Beach Gardens, Florida, United States

Category Company
Founded 2019
Sector Machinery
Employees48,000
Revenue 22.5B USD (2024)
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 M&A 3 of 3
Type: Divestiture M&A Deals 11 of 11
State: North Carolina M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2024 M&A 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-02 Addvolt

Porto, Portugal

Addvolt is a transport electrification technology company that offers patented, non-invasive, low-maintenance electric systems for use with refrigerated vans, trucks, trailers, and containers. Its plug-in electric systems for refrigerated transportation markets avoid fuel usage and reduce major emissions, including noise, particulates, nitrogen oxide and carbon dioxide.

Buy -