United Technologies Has Sold Its Industrial Explosion Protection Business to IEP
Scott-Macon's Industrial & Automotive Group provides Merger & Acquisition services for a fire and security provider.July 2013
UTC Climate, Controls & Security completed the sale of its industrial explosion protection businesses to IEP Technologies, a newly formed company established by Sentinel Capital Partners. Scott-Macon’s Industrial & Automotive Group served as the exclusive financial adviser to UTC Climate, Controls & Security on this transaction.
Both businesses provide systems and services that suppress, isolate and/or vent potential combustible dust or vapor explosions in process industries.
About United Technologies
UTC Climate, Controls & Security is a global provider of building technologies. Their fire safety, security, building automation, heating, ventilating, air-conditioning and refrigeration systems and services promote integrated, high-performance buildings that are safer, smarter and sustainable. UTC Climate, Controls & Security is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide.
About Scott-Macon’s Industrial & Automotive Group and M&A Services
Led by Fabian Hassel and with over 25 years of experience, Scott-Macon’s industrial and automotive industry professionals provide merger and acquisition, financing, valuation, and strategic advisory services to a global client base.
Scott-Macon professionals assist clients in all stages of the sale or acquisition process and develop strategy, acquisition parameters and purchase constraints before the initiation of the program. Utilizing experience in both domestic and international advisory, Scott-Macon’s professionals have assisted clients on the purchase or sale of companies, subsidiaries and business units in a broad range of industries.