---
title: Seale Advised Carrier on the Divestiture of International Cold Storage
description: Seale advises Carrier Corp. on the sale of International Cold Storage to Crown Tonka and ThermalRite, expanding their walk-in cooler business.
---

[Transactions ](https://www.sealeassociates.com/experience/transactions)

# [Seale Advised Carrier on the Divestiture of International Cold Storage](https://www.sealeassociates.com/experience/transactions/carrier-sold-international-cold-storage-to-crown-tonka-and-thermalrite)

 Written by [Robert Whitney](https://www.sealeassociates.com/experience/transactions/author/robert-whitney) | Jan 1, 2009 3:00:00 PM

Seale & Associates announced that it acted as exclusive financial advisor to Carrier Corporation ("Carrier"), a subsidiary of United Technologies Corporation, on the sale of Carrier's International Cold Storage ("ICS") commercial walk-in cooler business to the shareholders of Crown Tonka and ThermalRite, providers of walk-in coolers and freezers for a range of commercial applications.

### About ICS

ICS is a leading manufacturer of energy-efficient, one-piece walk-in coolers for the food service, industrial and retail markets. With over 50 years of experience, ICS is a leader in the cold room industry with a diverse line of products and the ability to design, manufacture, deliver, and install custom walk-in units, for indoor and outdoor use. ICS's customers include top 100 restaurant chains, equipment distributors, institutions, industrial facilities, supermarkets and convenience stores, and food distributors.

### About UTC

United Technologies provides high-technology products and services to the building systems and aerospace industries. It has six segments: Otis, Carrier, UTC Fire & Security, Pratt & Whitney, Hamilton Sundstrand and Sikorsky. For more information, visit [www.rtx.com.](https://www.rtx.com/) 

Carrier is a leader in providing heating, ventilation, air-conditioning and refrigeration systems, controls, services and sustainable building solutions for residential, commercial, industrial, food service and transportation applications. For more information, visit [www.carrier.com.](https://www.carrier.com.mx/) 

### About Seale & Associates

Seale & Associates Inc. 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. For more information, visit [www.sealeassociates.com](https://www.sealeassociates.com/?hsLang=en).

 

[View full post](https://www.sealeassociates.com/experience/transactions/carrier-sold-international-cold-storage-to-crown-tonka-and-thermalrite)

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