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 (www.carlyle.com) and BC Partners (www.bcpartners.com) for the purchase of Hamilton Sundstrand Corporation’s (www.hamiltonsundstrand.com) Industrial businesses, including Sullair Corporation (www.sullair.com). 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