Carrier Corporation Subsidiary Sold to Eberspächer
Scott-Macon's Industrial & Automotive Group acts as exclusive financial advisor to Carrier Corporation.August 2010
Carrier Corporation, a United Technologies Company, announced the sale of its Bus Air Conditioning Business (the Company) in Europe, India and Mexico to J. Eberspächer GmbH & Co. KG. Scott-Macon’s Industrial & Automotive Group acted as exclusive financial advisor to Carrier Corporation in this transaction.
Serving the global bus and coach aftermarkets with replacement components and spare parts, the Company provides complete air conditioning systems for transit buses and coaches to global bus manufacturers such as Volvo, Van Hool, and Irisbus.
With their involvement in vehicle electronics and automotive bus systems, Eberspächer ranks amongst the leading system developers and suppliers of exhaust technology and vehicle heating worldwide. Its customers include almost all European and North American manufacturers for passenger cars and commercial vehicles.
About Carrier Corporation
Carrier Corp. is the world’s largest provider of heating, air-conditioning, and refrigeration solutions, with operations in more than 170 countries. Headquartered in Farmington, Conn., Carrier is part of United Technologies Corp., a Hartford, Connecticut-based provider of products and services to the aerospace and building systems industries worldwide.
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.
Advising clients on middle market merger and acquisitions in a broad range of industries, Scott-Macon’s M&A professionals have extensive experience. Our clients have ranged from large global corporations looking to expand their existing operations to private equity funds seeking to build a new or existing portfolio investment. Scott-Macon’s professionals custom tailor the firm’s services to meet the specific objectives for our clients, helping them to reach their individual goals.