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Carrier sells Heat Transfer group to private firmsSubscribe to RSS feed

Carrier Corp., a unit of United Technologies Corp., said Monday it has sold its Heat Transfer Products Group business to private equity firms Monomoy Capital Partners LP and Starboard Capital Partners LLC.

Financial terms of the deal were not disclosed.

Carrier makes heating, air conditioning and refrigeration systems.

The Heat Transfer Products Group had 2009 revenue of about $90 million and has about 500 employees. (source)