Lone Star Expands Presence with Acquisition of Kidde Global Solutions

Lone Star Completes Acquisition Forming Kidde Global Solutions

Lone Star Funds has announced that its affiliate has finalized the acquisition of Carrier Global Corporation's Commercial and Residential Fire business. This significant transaction is valued at $3 billion and marks a noteworthy advancement in Lone Star's investment portfolio.

The New Dawn of Kidde Global Solutions

Following the acquisition, the business will function as an independent entity under the name Kidde Global Solutions. This new venture combines several well-established and trusted brands in fire and life safety, including Kidde, Edwards, GST, Badger, Gloria, and Aritech, to provide innovative safety solutions.

Leadership Vision

Donald Quintin, the Chief Executive Officer of Lone Star, expressed enthusiasm about the acquisition, stating, "Kidde Global Solutions is an industry-leading portfolio that boasts strong brands and dedicated teams. We are committed to enhancing growth opportunities for all our customers globally."

Strategic Benefits of the Acquisition

This acquisition aligns with Lone Star's strategic initiative to expand its influence in sectors that prioritize safety and innovation. As Kidde Global Solutions aims to deliver advanced fire safety solutions, it enhances Lone Star's capabilities to meet diverse customer demands in both residential and commercial markets.

About Lone Star Funds

Lone Star is a well-respected private equity firm with a global reach. It manages funds that invest in a variety of asset categories, including corporate equity, credit, and real estate. Established in 1995, the firm has successfully organized 25 private equity funds with total capital commitments exceeding $95 billion. Lone Star's success is rooted in partnerships with institutional investors, such as pension and sovereign wealth funds.

Insight Into Kidde Global Solutions

Kidde Global Solutions stands at the forefront of fire and life safety initiatives, offering advanced solutions targeted towards intricate commercial infrastructures and residential properties. With a commitment to quality and safety, the brands under Kidde Global Solutions have been key players in safeguarding communities worldwide.

Commitment to Sustainability

As the world grapples with the implications of climate change and sustainability, Kidde Global Solutions emphasizes environmentally minded practices in its operations. The company strives to provide solutions that not only protect lives but also contribute to the well-being of our planet.

Future Prospects for Kidde Global Solutions

With the backing of Lone Star Funds, Kidde Global Solutions is well-positioned to leverage its brand strength and market insight to expand its offerings across a wide range of sectors. This acquisition opens new doors to innovation and growth in ways that prioritize safety.

Frequently Asked Questions

What is the focus of Kidde Global Solutions?

Kidde Global Solutions specializes in providing fire and life safety solutions, targeting both commercial and residential markets.

Why did Lone Star acquire Carrier's fire business?

The acquisition aligns with Lone Star's strategy to enhance its offerings in industries that prioritize safety and innovation.

What brands are included under Kidde Global Solutions?

The company includes iconic brands such as Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritech.

What is the history of Lone Star Funds?

Founded in 1995, Lone Star has become a leading private equity firm, managing a diverse portfolio with over $95 billion in capital commitments.

How does Kidde Global Solutions approach sustainability?

Kidde Global Solutions emphasizes environmentally responsible practices in its operations, prioritizing both safety and ecological responsibility.

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