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Carrier Global (NYSE:CARR) is considering creating a standalone, public company out of its commercial and residential fire unit to list on the stock market, Bloomberg reported Monday.
The unit, which makes detectors for smoke and carbon monoxide, generates more than $200M in annual EBITDA.
Carrier (CARR), which is looking to slim down to focus on its energy and climate businesses, has said it is exiting its fire and security units as well as its commercial refrigeration businesses.
The security business could fetch more than $3B in a sale, according to the report.
Carrier (CARR) also is said to be exploring a sale of its industrial fire business, which includes brands that help protect against gas and fire damage.
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