Carrier sells fire business, creating Kidde Global Solutions

Lone Star acquires Carrier’s fire business

Carrier Global Corporation has announced the completion of the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for $3 billion.

The transaction creates a new standalone platform company, Kidde Global Solutions, headquartered in Palm Beach Gardens, Florida.

Kidde Global Solutions integrates established fire and life safety brands, including Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritech.

These brands bring over two centuries of history in protecting people and property globally, unifying under a single platform to enhance their services and legacy.

Kidde Global Solutions leadership outlines growth goals

Dan Thompson, President and CEO of Kidde Global Solutions, highlighted the partnership with Lone Star Funds as an opportunity to drive growth.

Thompson stated: “We’re excited about our new partnership with Lone Star Funds and the opportunity to focus on accelerating growth.

“By leveraging the strengths of our iconic brands along with a relentless focus on constant innovation, we develop cutting-edge safety solutions that fulfil our mission of saving lives, protecting property and building a safer tomorrow.”

This strategic focus aims to strengthen the company’s offerings across various regions and industries.

Expanding fire and life safety services

Kidde Global Solutions will prioritise addressing the evolving needs of fire and life safety.

Its portfolio spans solutions for residential, commercial, and industrial sectors.

The company aims to redefine industry standards while building on its extensive expertise and experience to enhance global safety measures.

Future directions for Kidde Global Solutions

With support from Lone Star Funds, Kidde Global Solutions plans to deliver innovative fire and life safety solutions.

Its strategy includes leveraging its unified brand portfolio to meet diverse customer needs.

The company has committed to maintaining high standards in service and innovation to ensure its continued success in the fire and safety sector.

Carrier sells fire business, creating Kidde Global Solutions: Summary

Carrier Global Corporation has completed the $3 billion sale of its Commercial and Residential Fire business to Lone Star Funds.

The new platform, Kidde Global Solutions, will operate independently, integrating well-known fire and life safety brands like Kidde, Edwards, and Gloria.

Dan Thompson, CEO, emphasised growth through innovation and leveraging brand strengths.

The company plans to address evolving fire safety needs while maintaining high standards of service.

Kidde Global Solutions aims to redefine industry benchmarks in fire and life safety solutions globally.