Kidde Global Solutions Acquired by Lone Star Fund Subsidiary
A leader in fire and life safety, previously operated under Carrier's Commercial and Residential Fire division.
Today, Carrier Global Corporation announced the completion of the sale of its Commercial and Residential Fire division to an affiliate of Lone Star Funds® for an enterprise value of $3 billion. This acquisition creates Kidde Global Solutions™, a new, independent company. Lone Star Funds is a leading private equity firm recognized for its expertise in supporting manufacturing, building products, and industrial companies globally. (Newswire PR)
“By leveraging the strength of our iconic brands and with a constant commitment to innovation, we develop cutting-edge security solutions that fulfill our mission: to save lives, protect property and build a safer future.”
Headquartered in Palm Beach Gardens, Florida, Kidde Global Solutions brings together some of the most iconic and trusted brands in fire and life safety, including Kidde®, Kidde Commercial™, Edwards®, GST™, Badger™, Gloria®, and Aritech™. With more than two centuries of combined history, these brands have consistently been at the forefront of protecting lives and property worldwide. Now, Kidde Global Solutions is focused on building on this legacy by uniting their expertise to better serve customers across diverse industries and regions.
“We are excited about our new partnership with Lone Star Funds and the opportunity to focus on accelerating our growth,” said Dan Thompson, President and CEO of Kidde Global Solutions. “By leveraging the strength of our iconic brands and constant innovation, we are developing industry-leading safety solutions that fulfill our mission to save lives, protect property, and build a safer future.”
Kidde Global Solutions is committed to meeting the evolving needs and challenges of fire and life safety around the world. With an unparalleled portfolio of solutions and services, the company is redefining industry standards and setting a new standard of safety excellence.
For more information about Kidde Global Solutions and its portfolio of fire and life safety solutions, follow KGS on LinkedIn.
About Kidde Global Solutions
Kidde Global Solutions is a global leader in fire and life safety solutions for complex commercial installations through to residential homes. Through iconic brands like Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritech, we provide residential and commercial customers with advanced solutions to protect people and property in a wide range of applications worldwide. For more information, follow Kidde Global Solutions on LinkedIn at www.linkedin.com/company/kidde-global-solutions.
About Lone Star Funds
Lone Star is a leading private equity firm advising funds investing globally in financial assets, real estate, and corporate equity. Since founding its first fund in 1995, Lone Star has organized 25 private equity funds with capital commitments totaling approximately $95 billion. Lone Star's funds are divided into three series: the Opportunity Fund Series, the Commercial Real Estate Fund Series, and the US Residential Mortgage Fund Series. Lone Star invests on behalf of institutional partners such as pension funds, sovereign wealth funds, as well as foundations and endowments supporting philanthropic causes. For more information, visit www.lonestarfunds.com.
Media Contacts
Ivanette Bonilla Ivanette.Bonilla@Carrier.com