Sentinel Capital Partners has completed the acquisition of the industrial fire business from Carrier Global Corporation, creating Spectrum Safety Solutions, a new standalone platform, which includes Autronica, a major worldwide innovator, manufacturer and supplier of fire and gas safety systems.
Sentinel Capital Partners is a New York-based major private equity firm, which invests in promising midmarket companies and has an established record of helping industrial businesses grow and thrive.
Sentinel Capital Partners acquires Autronica
“We look forward to working with Spectrum’s talented management team to further build its exceptional platform,” said Eric Bommer, a Sentinel Partner, adding “Spectrum owns great brands, has a long history of serving its many global customers, and has exciting growth opportunities.”
“We are extremely pleased to partner with Sentinel. Our new partnership will enable us to sharpen the focus of the business, dedicate additional resources to our leading brands, and accelerate growth,” said Rajan Goel, Spectrum’s President and CEO, adding “The Spectrum team is very strong globally and with Sentinel’s support we will be able to serve our customers more effectively in the next stage of growth.”
Spectrum Safety Solutions
Spectrum Safety Solutions has approximately 1400 employees in more than 20 countries
Headquartered in Stamford, Connecticut, USA, Spectrum Safety Solutions has approximately 1400 employees in more than 20 countries.
Spectrum is a globally renowned company in fire, flame, and gas detection and suppression, through iconic brands - Autronica, Det-Tronics, Fireye and Marioff.
It provides customers with a complete portfolio of advanced lifecycle solutions and services designed to meet the unique challenges of protecting people, equipment and operations in high-hazard, mission-critical industrial environments across the globe in critical infrastructure, marine, energy, and other industrial markets.
Autronica partnership with Sentinel
“We are fortunate to have a well-established partner and owner as Sentinel who recognizes the value we have already created and believes in our future potential and vision. As a result, Autronica will be in a stronger position to invest for growth and create new opportunities for our employees and partners,” said Sindre Utne, Managing Director of Autronica Fire and Security.