Johnson controls to sell air distribution technologies business to truelink capital

Transaction reinforces johnson controls commitment to simplifying and standardizing portfolio as a comprehensive solutions provider for commercial buildings milwaukee , june 18, 2024 /prnewswire/ -- johnson controls (nyse: jci), a global leader for smart, healthy and sustainable buildings, today announced it has reached a definitive agreement to sell its air distribution technologies business to truelink capital, a middle-market private equity firm based in los angeles. "the sale of our air distribution technologies business is the next step as we continue to simplify our portfolio and advance our transformation into a comprehensive solutions provider for commercial buildings," said johnson controls chairman and ceo george oliver.
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