Sullair Corp. and United Technologies have reached an agreement with private-equity firms The Carlyle Group and BC Partners for the purchase of Hamilton Sundstrand Corp.’s industrial businesses, including Sullair Corp.
BC Partners and Carlyle have formed a limited partnership and will jointly oversee management of Sullair, as part of the transaction expected to close in the fourth quarter of this year.
“The partnership between Carlyle and BC Partners provides a unique growth opportunity for Sullair. They recognize that our business is a performance leader in our markets with great employees, great products, and vested channel partners. Additional investment in Sullair will enhance our capabilities to compete on a global scale,” said Henry F. Brooks, president of Sullair.
Read more about the deal at www.sullair.com/Global/en/A+Message+from+the+President.
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