Kidde Global Solutions Emerges as a Standalone Leader in Safety
Kidde Global Solutions Emerges as a Standalone Company
Recently, Carrier Global Corporation has finalized a significant move, selling its Commercial and Residential Fire business to an affiliate of Lone Star Funds for a striking enterprise valuation of $3 billion. This monumental purchase led to the creation of Kidde Global Solutions™, positioning it as a new standalone enterprise in the industry of fire safety.
Strengthening Legacy through Innovation
Kidde Global Solutions comes from a robust background, amalgamating some of the most recognized brands in fire and life safety. This new entity unites renowned names such as Kidde®, Kidde Commercial™, Edwards®, GST™, Badger™, Gloria®, and Aritech™, crafting a rich history exceeding 200 years. Together, these brands have championed safety initiatives globally, providing unmatched expertise and reliability in protecting people and properties.
Leadership's Vision on Growth
With excitement, Dan Thompson, the President and CEO of Kidde Global Solutions, expressed optimism regarding their partnership with Lone Star Funds. He emphasized that this collaboration aims to accelerate growth by tapping into the combined strengths of their well-established brands. “Innovation remains a core focus for us, as we aim to create advanced safety solutions that not only protect properties but also save lives,” he shared.
Commitment to Industry Standards
As Kidde Global Solutions positions itself uniquely within the market, it is dedicated to redefining industry standards in fire and life safety. By offering an expansive portfolio of innovative solutions, the company aims to meet the dynamic challenges and evolving needs posed by safety across various sectors worldwide. This commitment ensures that excellence in safety remains at the forefront, benefitting diverse industries and communities.
About Kidde Global Solutions
Kidde Global Solutions stands tall as a global leader in fire and life safety solutions. The company caters to both complex commercial facilities and residential needs through its iconic brands. It remains steadfast in providing advanced services and solutions to protect lives and properties effectively across a multitude of applications worldwide.
About Lone Star Funds
Lone Star Funds is well-regarded as a prominent private equity entity, managing funds that make investments across corporate equity, real estate, credit, and other financial assets. Established in 1995, it has created a strong portfolio that includes 25 private equity funds with capital commitments nearing $95 billion. Lone Star works on behalf of its limited partners, including large institutional investors, enhancing its influence and expertise in the investment sphere.
Frequently Asked Questions
What is Kidde Global Solutions?
Kidde Global Solutions is a new standalone company formed after Carrier Global Corporation sold its fire safety business to Lone Star Funds, incorporating well-known brands in safety.
Who are the key brands under Kidde Global Solutions?
The key brands include Kidde®, Kidde Commercial™, Edwards®, GST™, Badger™, Gloria®, and Aritech™, each having a strong history in safety.
What does the acquisition mean for the future of Kidde Global Solutions?
The acquisition positions Kidde Global Solutions for accelerated growth, focusing on innovation and enhancing safety solutions on a global scale.
Who is Lone Star Funds?
Lone Star Funds is a leading private equity firm investing across various financial assets, with a significant track record since its inception in 1995.
How can customers learn more about Kidde Global Solutions?
Customers interested in Kidde Global Solutions can follow their social media and corporate updates online for the latest information and resources.
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