Carrier Global Corporation (NYSE:CARR) disclosed on Thursday its plan to sell Commercial and Residential Fire business to an affiliate of Lone Star Funds for $3 billion. The sale of Carrier’s Commercial and Residential Fire business is a key step in its portfolio transformation following the January acquisition of Viessmann Climate Solutions and the divestiture of its Industrial Fire and Global Access Solutions units. The transaction, expected to close by the end of 2024, is subject to regulatory approvals and standard conditions. Following its acquisition of Viessmann Climate ...