Carrier Completes $3.1 Billion Sale of Chubb Fire and Security Business

Paul, Weiss advised Carrier Global Corporation, the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, in the $3.1 billion sale of its Chubb fire and security business to APi Group Corporation. The sale provides Carrier with $2.6 billion in net proceeds available for capital deployment in 2022, including a $750 million debt paydown and $1.6 billion in share repurchases.

The Paul, Weiss team included, among others, corporate partners Laura Turano, Scott Barshay and John Kennedy and counsel Cristina Amodeo; executive compensation partner Jean McLoughlin and counsel Nicole Tark; tax partners Jeffrey Samuels, Robert Holo and Robert Killip and counsel Alyssa Wolpin; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; environmental counsel William O'Brien; and antitrust counsel Marta Kelly.