Private equity firms to purchase Sullair

Source: Sullair

Aug 24, 2012

United Technologies reached an agreement with the private equity firms of The Carlyle Group ( and BC Partners ( for the purchase of Hamilton Sundstrand Corporation’s ( Industrial businesses, including Sullair Corporation ( BC Partners and Carlyle have formed a limited partnership and will jointly oversee management of Sullair. This transaction is expected to close in the fourth quarter, upon completion of all required approvals.

The Carlyle Group is a 25-year-old investment firm that boasts an array of sophisticated investors, ranging from public and private pension funds to unions and corporations. BC Partners is a 26-year-old worldwide private equity firm that specializes in buyouts and acquisition financing.

Learn more about the purchase