(RTTNews) - Sentinel Capital Partners, a private equity firm, Monday announced that it has agreed to sell Autronica Fire and Security, a standalone unit of its Spectrum Safety Solutions platform, to MSA Safety Inc., a manufacturer of safety products and technology for around $555 mln.
Sentinel acquired Autronica in 2024 in a carveout of Carrier Global Corporation's industrial fire business, now Spectrum Safety Solutions. The divestiture of Autronica positions Spectrum to focus on its U.S. headquartered detection and monitoring businesses, Det-Tronics and Fireye, the private equity firm said in a statement.
On Monday, MSA shares closed at $165.26, down 0.32% on the New York Stock Exchange.
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