BC Partners and The Carlyle Group are to acquire Hamilton Sundstrand Industrial, a manufacturer of mission-critical pumps and compressors for the global industrial, infrastructure and energy markets, from United Technologies Corporation. The transaction is valued at $3.46 billion.
PRESS RELEASE
BC Partners, a leading international private equity firm, and global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced a definitive agreement to acquire Hamilton Sundstrand Industrial, a manufacturer of highly engineered, mission-critical pumps and compressors for the global industrial, infrastructure and energy markets, from United Technologies Corporation (NYSE: UTX) for $3.46
