United Technologies CCS Sells Industrial Explosion Protection Businesses
UTC Climate, Controls & Security has completed the sale of its industrial explosion protection businesses to IEP Technologies, a newly formed company established by Sentinel Capital Partners. The deal is effective as of July 19, 2013. The businesses provide systems and services that suppress, isolate and / or vent potential combustible dust or vapor explosions in process industries.
UTC Climate, Controls & Security is the leading provider of heating, air conditioning and refrigeration systems, building controls and automation, and fire and security solutions. UTC Climate, Controls & Security is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide.
Scott-Macon’s Industrial & Automotive Group served as the exclusive financial adviser to UTC Climate, Controls & Security on this transaction. Please contact Mr. Fabian Hassel, Managing Director & Group Head, for additional information.