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Divestiture Feb 2024

Amit Gupta carves AeroSeal out of Carrier and reboots it as an independent company (2010)

AeroSeal's duct-sealing technology was acquired by Carrier in 2001 from inventor Dr. Mark Modera. Amit Gupta later took the company out of Carrier, restructured the underlying business arrangements, and restarted it as an independent company in September 2010.

“Ultimately, we were able to take the company out of Carrier and where Carrier got access to the technology. And we took all the business structure which Carrier had with Dr. Madera and his partner and restructured it and restarted the company in 2010 September, almost bootstrapped the company.”

Entities

AeroSeal · Target Amit Gupta · Acquirer Carrier · Parent Mark Modera · Mentioned
Home performance

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