Carrier Global Corporation has announced it is selling its Chubb Fire & Security Business to APi Group Corporation. Carrier’s fire and security products business is not part of the sale.
Palm Beach Gardens, FL-based Carrier says that the sale will allow it to fund growth and to focus on its core businesses, including intelligent building management and cold chain solutions.
Chubb, which is headquartered in the UK, offers fire safety and security services worldwide. Based in New Brighton, MN, APi Group is a business services provider of safety, specialty and industrial services.
The sale is subject to regulatory approvals, and is expected to close in late 2021 or early 2022.