Carrier Completes $440M Sale of Riello Business to Ariston Group
CARR•Carrier has completed the sale of its Riello heating business to Ariston Group for gross proceeds of approximately $440 million. The company will use the funds to invest in core climate and energy solution operations, accelerating innovation and driving shareholder value.
1. Transaction Details
Carrier has finalized the sale of its Riello heating business to Ariston Group for gross proceeds of approximately $440 million, marking the completion of the divestiture on July 1, 2026.
2. Strategic Rationale
The divestiture reflects Carrier’s disciplined portfolio management, freeing up resources to strengthen focus on its core climate control and energy solutions segments.
3. Use of Proceeds
Carrier plans to deploy the sale proceeds into its primary operations, accelerating research and development, product innovation and value creation for customers and shareholders.
4. Advisory Roles
BofA Securities acted as exclusive financial advisor and Linklaters LLP served as legal counsel in structuring and executing the transaction.
