UTC Divested Forney to The Washington Post Company

More Information See Transaction

United Technologies has sold Forney to The Washington Post Company

TARGET: Forney Corporation
TRANSACTION TYPE: Corporate Divestiture
INDUSTRIES: Aerospace and Defense, Industrial Machinery
GEOGRAPHY: Texas, USA

SITUATION

Seale & Associates was retained by UTC to advise on the sale of its subsidiary company, Forney Corporation, as part of the parent company’s long-term portfolio transformation to focus on its core of aerospace and building systems and products, while moving away from non-core industries and service-focused businesses.

OUTCOME

The process resulted in a successful sale to Graham Holdings (formerly The Washington Post Company), an Arlington, Virginia based diversified investment holding firm whose principal operations include educational services, television broadcasting, cable systems and online, print and local TV news.

Seale has consistently delivered while supporting our non-core divestitures

"Seale has consistently delivered while supporting our non-core divestitures. Their diligence has helped us successfully complete several complex transactions around the world."

Bill StriebeVice President of Business Development, UTC Building & Industrial Systems

Are you exploring the sale of your company or divesting a non-core business from your portfolio?

Seale & Associates offers trusted advisory services for both private business owners and multinational corporations. Contact us today to learn how we can guide you through the complexities of a sale process and help you to evaluate the full range of strategic alternatives for your business.