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Carrier Corporation Subsidiary Sold to ConGlobal Industries Inc

Scott-Macon's Industrial & Automotive Group acts as exclusive financial advisor to Carrier Corporation.

December 2012

Carrier / ConGlobal

Carrier Corporation announced the sale of its Refrigerated Container Services Group (RCS) to ConGlobal Industries Inc. Scott-Macon’s Industrial & Automotive Group acted as the exclusive financial advisor to Carrier Corp in this transaction.

ConGlobal Industries, Inc. provides depot services, equipment sales, and transportation services, as well as equipment repair, maintenance, storage, and redistribution services to global shipping lines and leasing companies. The company is built on a network of 20 locations in the U.S., Mexico and Costa Rica.

About Carrier Corp

Carrier, a unit of United Technologies Corp’s, Climate, Controls and Security division, is the world’s leader in high technology heating, air-conditioning and refrigeration solutions, improving the world around us through engineered innovation and environmental stewardship.

Based in Houston, RCS is the largest distributor of refrigerated container parts in the world and has been serving the needs of the InterModal industry in North and Central America, including the Caribbean, since 1981. The depot locations specialize in the repair and refurbishment of Refrigerated Containers, ISO Tanks, Dry Boxes and Chassis.

About Scott Macon's Industrial & Automotive Group and M&A Services

Scott Macon’s industrial and automotive financial services clients have included domestic and foreign publicly-traded and privately-owned companies as well as private equity firms. The industrial and automotive industry group includes professionals with over 25 years of experience in providing industrial and automotive merger and acquisition, financing, valuation and strategic advisory services to a global client base.

Scott-Macon professionals have extensive experience, both domestic and international, in advising clients on the purchase or sale of companies, subsidiaries or business units in a broad range of industries. The firm and its professionals have successfully executed transactions for large publicly traded companies, private equity firms, and closely-held or family businesses.

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