Carrier said it completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds on December 2, 2024 for an enterprise value of $3 billion.

8-KRegulation FD DisclosureFiled Dec 2, 2024Period of report Dec 2, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Carrier said it completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds on December 2, 2024 for an enterprise value of $3 billion.
The company said it plans to use the estimated $2.2 billion in net proceeds from the sale of its Commercial and Residential Fire business for share repurchases, with at least $1 billion under an accelerated share repurchase program.
The company said the closing marks the completion of its strategic portfolio transformation, which included the acquisition of Viessmann Climate Solutions and the divestitures of its Industrial Fire, Access Solutions and Commercial Refrigeration businesses.
Carrier said Chairman and CEO David Gitlin described the sale as the final step in the portfolio transformation. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors, the company said.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Completes Sale of Commercial and Residential Fire Business

Carrier said it completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds on December 2, 2024 for an enterprise value of $3 billion.

Source · Based on the filing body and exhibits

Estimated Net Proceeds and Share Repurchase Plans

The company said it plans to use the estimated $2.2 billion in net proceeds from the sale of its Commercial and Residential Fire business for share repurchases, with at least $1 billion under an accelerated share repurchase program.

Source · Based on the filing body and exhibits

Transactions in Portfolio Transformation

The company said the closing marks the completion of its strategic portfolio transformation, which included the acquisition of Viessmann Climate Solutions and the divestitures of its Industrial Fire, Access Solutions and Commercial Refrigeration businesses.

Source · Based on the filing body and exhibits

CEO Comments, Financial and Legal Advisors

Carrier said Chairman and CEO David Gitlin described the sale as the final step in the portfolio transformation. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors, the company said.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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