Sentinel Capital Partners, a private equity firm, agreed to acquire Industrial Fire business of Carrier, a provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, and fire & security technologies, for $1.42bn. "Industrial Fire is a great business with leadership positions in the markets in which it operates, and an engaged, experienced team focused on delivering differentiated solutions to customers. We look forward to watching its continued growth under the ownership of Sentinel. This transaction marks another milestone in our transformation as we become a more focused, higher growth company, and furthers our vision to become the global leader in intelligent climate and energy solutions," David Gitlin, Carrier Chairman & CEO.