Private equity partnership to purchase compressor manufacturer
August 1, 2012
Sullair Corporation has announced that United Technologies reached an agreement with the private equity firms of The Carlyle Group and BC Partners for the purchase of Hamilton Sundstrand Corporation’s Industrial businesses, including Sullair Corporation. 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.