JUPITER, FLORIDA – Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to United Technologies Corporation (“UTC”, NYSE:UTX), a public company with US$60 billion in sales, on the sale of UTC Climate, Controls & Security’s MobileView business to Safe Fleet Acquisition Corp. (“Safe Fleet”).
MobileView is the leading provider of mobile surveillance and video management solutions to more than 35,000 transit bus and rail vehicles in the United States. MobileView’s products enable transportation professionals to capture, record, analyze, and control video evidence to enhance security, maximize resources, and increase vehicle uptime.
“We are pleased to have had the opportunity to advise UTC on another successful transaction”, said Carlos Hernandez, Vice President at Seale.
United Technologies Corporation, based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions that move the world forward. To learn more about UTC, visit www.utc.com.
UTC Climate, Controls & Security, a unit of UTC based in Jupiter, Florida, is a leading provider of heating, ventilating, air conditioning and refrigeration systems, building controls and automation, and fire and security systems leading to safer, smarter, sustainable and high-performance buildings. For more information, visit www.ccs.utc.com.
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail, RV, Truck & Trailer, Work Truck, Law Enforcement, Emergency, Waste, Industrial and Military. With over 1,100 employees and 10 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and their portfolio of brands please visit www.safefleet.net.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information, please visit www.sealeassociates.com.