M&A Deal Summary

Sentinel Capital Partners Acquires Spectrum Safety Solutions

On March 5, 2024, private equity firm Sentinel Capital Partners acquired manufacturer Spectrum Safety Solutions from Carrier for 1.4B USD

Acquisition Highlights
  • This is Sentinel Capital Partners’ 6th transaction in the Manufacturing sector.
  • This is Sentinel Capital Partners’ largest (disclosed) transaction.
  • This is Sentinel Capital Partners’ 90th transaction in the United States.
  • This is Sentinel Capital Partners’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2024-03-05
Target Spectrum Safety Solutions
Sector Manufacturing
Buyer(s) Sentinel Capital Partners
Sellers(s) Carrier
Deal Type Divestiture
Deal Value 1.4B USD

Target

Spectrum Safety Solutions

Stamford, Connecticut, United States
Spectrum Safety Solutions is a manufacturer of branded industrial fire detection and suppression products and services in mission-critical and hazardous environments. Spectrum serves companies in critical infrastructure, marine, clean energy, and other industrial markets. Spectrum Safety Solutions is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 98 of 99
Sector (Manufacturing) 6 of 6
Type (Divestiture) 6 of 6
State (Connecticut) 1 of 1
Country (United States) 90 of 91
Year (2024) 2 of 3
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Market Performance Group

Princeton Junction, New Jersey, United States

Market Performance Group is an omnichannel commerce agency providing strategy and consulting services. MPG offers end-to-end omnichannel capabilities and integrated solutions for a wide range of strategy and commercialization needs, including strategy & business consulting, omnichannel strategy & services, business analytics & insights, consumer marketing & retail activation, order to cash/3 PL, and FleXforce. Market Performance Group was formed in 2002 and is headquartered in Princeton Junction, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 TranSystems

Kansas City, Missouri, United States

TranSystems is an consulting, engineering and architectural solutions firm. TranSystems was founded in 1996 and is based in Kansas City, Missouri.

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 12 of 14
Sector (Manufacturing) 4 of 4
Type (Divestiture) 9 of 11
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2024) 1 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 Global Access Solutions

Palm Beach Gardens, Florida, United States

Global Access Solutions is a provider of advanced access and security solutions, electronic locking systems, and contactless mobile key solutions.

Sell $5.0B
FOLLOWING 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