Carrier Corp. Completes Sale of Bus Air Conditioning Business to Mobile Climate Control
Scott-Macon's Industrial & Automotive Group advises Carrier Corp. on sale of Bus Air Conditioning Business.May 2011
Carrier Corporation completed the sale of its bus air conditioning business in the U.S. and Canada to Mobile Climate Control as of May 2011. Carrier’s North America bus air conditioning business, headquartered in York, Pa., had sales of approximately $60 million in 2010 and approximately 50 employees.
A leading global provider of climate control solutions to the commercial vehicle industry, Mobile Climate Control is a subsidiary of Ratos AB, a Sweden-based financial investment company.
Scott-Macon’s Industrial & Automotive Group acted as exclusive financial adviser to Carrier Corporation in this transaction as well as in last year’s sale of its Sütrak bus air conditioning business.
About Carrier Corporation
A unit of United Technologies Corp., Carrier is the world’s leader in high technology heating, air-conditioning and refrigeration solutions. The corporation is dedicated to improving the world through engineered innovation and environmental stewardship.
About Scott-Macon’s Industrial & Automotive Group and M&A Services
Led by Fabian Hassel, the Industrial and Automotive 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’s industrial and automotive financial services clients have included domestic and foreign publicly-traded and privately-owned companies as well as private equity firms.
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. 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.