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Divestiture Jul 2023

Accel-KKR sells portfolio company FM:Systems to Johnson Controls

PE firm Accel-KKR exited its ownership of FM:Systems, which was sold to Johnson Controls.

“FM:Systems, headquartered in Raleigh, North Carolina and owned by Accel-KKR, has more than 200 employees and 1,200 customers, representing more than 2.4 million users across 80 countries.”

Entities

Accel-KKR · Sponsor FM:Systems · Target Johnson Controls · Acquirer
Other
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.