Press Release United Tech
DALLAS,TEXAS – Seale & Associates announced that it acted as exclusive financial advisor to UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX), on the sale of its Forney Business to The Washington Post Company (NYSE:WPO). Forney is a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications.
UTC Climate, Controls & Security is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide with revenues of over $61 billion. UTC Climate, Controls & Security is the leading provider of heating, air conditioning and refrigeration systems, building controls and automation, and fire and security solutions with revenues of over $17 billion.
The Washington Post Company (“TWPC”) is a diversified education and media company. TWPC’s Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States, including programs to prepare students for careers in healthcare and many other fields. Its media operations include newspaper publishing (principally The Washington Post – subsequently sold to Jeff Bezos), television broadcasting (through the ownership and operation of six television broadcast stations) and cable television systems. TWPC also owns Celtic Healthcare, a multistate provider of Medicare-certified home healthcare and hospice services.
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.