BC Partners and Carlyle Carve Out Hamilton Sundstrand Industrial
December 17, 2012
BC Partners and The Carlyle Group have completed their acquisition of Hamilton Sundstrand Industrial from United Technologies (NYSE: UTX) in a transaction valued at $3.46 billion. The newly independent company, renamed Neodyne Industries, is a manufacturer of pumps and compressors for the industrial, infrastructure and energy markets. The company will operate through two strategic platforms—Flow Control and Industrial Air Compressors—and goes to market under the Milton Roy, Sundyne and Sullair family of brands.