Carrier to sell NORESCO to OPTERRA Energy Services

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2▲1 ▼0Impact / 5
Summary · why it matters

Carrier Global Corporation has signed a definitive agreement to sell its NORESCO business to OPTERRA Energy Services, a subsidiary of LS Power. The transaction is expected to close shortly. Carrier Chairman and CEO David Gitlin said the sale reflects the company's commitment to portfolio simplification and focus on core businesses. Jefferies LLC is serving as financial advisor to Carrier, with Akerman LLP as external legal counsel.

Impact on assets 2

Smart City / Autonomous Infrastructure▲
Carrier Global Corp
CARR
▲ PositiveCapitalrelevance

Carrier sells NORESCO to simplify portfolio and focus on core businesses, a strategic divestiture.

Financials▲

Off-coverage companies 3

Akerman LLPi
Private± Mixedrelevance

LS Poweri
Private± Mixedrelevance

OPTERRA Energy Servicesi
Private± Mixedrelevance