Carrier Sells Aritech To Lone Star Subsidiary.
Sale of Carrier to Aritech – Carrier has entered an agreement to sell security manufacturer Aritech, to a subsidiary of Lone Star Funds.
The divestment of Carrier’s Global Commercial & Residential Fire business includes Aritech, Kidde Commercial, Airsense, EMS and Edwards.
Lone Star Funds is an organization that advises funds that invest in real estate, corporate equities, credit and other financial assets worldwide. Lone Star’s strategy is to rebuild value in strong brands after a period of underinvestment by former owners.
The sale is expected to close in late 2024, subject to regulatory approvals and customary closing conditions. Until then, the Aritech, Kidde Commercial, Airsense, EMS and Edwards teams will continue to operate as part of Carrier.
Customers will not be impacted by the transaction. In any case, the Aritech, Kidde Commercial, Airsense, EMS and Edwards employees say they are excited about this new chapter.
You can read more about Airtech here or read more amazing stories from SEN.News here.
“Carrier Sells Aritech To Lone Star Subsidiary.”
