Seale & Associates announced that it acted as exclusive financial advisor to Carrier Corporation ("Carrier"), a subsidiary of United Technologies Corporation, on the sale of Carrier's International Cold Storage ("ICS") commercial walk-in cooler business to the shareholders of Crown Tonka and ThermalRite, providers of walk-in coolers and freezers for a range of commercial applications.
ICS is a leading manufacturer of energy-efficient, one-piece walk-in coolers for the food service, industrial and retail markets. With over 50 years of experience, ICS is a leader in the cold room industry with a diverse line of products and the ability to design, manufacture, deliver, and install custom walk-in units, for indoor and outdoor use. ICS's customers include top 100 restaurant chains, equipment distributors, institutions, industrial facilities, supermarkets and convenience stores, and food distributors.
United Technologies provides high-technology products and services to the building systems and aerospace industries. It has six segments: Otis, Carrier, UTC Fire & Security, Pratt & Whitney, Hamilton Sundstrand and Sikorsky. For more information, visit www.rtx.com.
Carrier is a leader in providing heating, ventilation, air-conditioning and refrigeration systems, controls, services and sustainable building solutions for residential, commercial, industrial, food service and transportation applications. For more information, visit www.carrier.com.
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.