Seale Advised UTC on the Divestiture of Forney to The Washington Post
Seale & Associates announced that it acted as exclusive financial advisor to UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX), on the sale of its Forney Business to The Washington Post Company (NYSE:WPO). Forney is a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications.
About UTC
United Technologies Corporation (UTC) was a major American multinational conglomerate that existed until 2020. It operated in a wide array of industries, primarily focused on aerospace and building systems. Some of its most recognized subsidiaries included Pratt & Whitney (aircraft engines), Otis (elevators and escalators), Carrier (HVAC systems), and Collins Aerospace (aerospace systems).
UTC was known for its innovation and technological advancements in various fields. It played a significant role in the aerospace industry, supplying engines and systems for commercial and military aircraft. In 2020, UTC merged with Raytheon Company to form Raytheon Technologies, now known as RTX Corporation. For more information, visit www.rtx.com.
About The Washington Post Company
The Washington Post Company (“TWPC”) is a diversified education and media company. TWPC’s Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States, including programs to prepare students for careers in healthcare and many other fields.
Its media operations include newspaper publishing (principally The Washington Post – subsequently sold to Jeff Bezos), television broadcasting (through the ownership and operation of six television broadcast stations) and cable television systems. TWPC also owns Celtic Healthcare, a multistate provider of Medicare-certified home healthcare and hospice services.
About Seale & Associates
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.
