Kirkland Advises Honeywell on Sale of PPE Business

Kirkland & Ellis advised Honeywell (NASDAQ: HON) on the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP), a portfolio company of Odyssey Investment Partners, for $1.325 billion in an all-cash transaction. The transaction will enable Honeywell to further simplify its portfolio in order to accelerate value creation in alignment with three compelling megatrends: automation, the future of aviation and energy transition. Honeywell’s PPE business, part of the Industrial Automation business portfolio, is a global provider of PPE for industrial workers, offering a comprehensive and differentiated product portfolio that serves a diverse and resilient set of growing customers and end markets.

Read the transaction press release

The Kirkland team included corporate lawyers Ted Frankel, David Klein, Chris Grady, Matt Nelson and Kendall Maxwell; technology & IP transactions lawyers Dan Lewis, Jessie Perlman, Todd Herst and Aseem Jha; tax lawyers Sara Zablotney, Heidi Yuen and Allison Bray; executive compensation lawyers Scott Price and Sally Ye; employee benefits lawyer Maureen O’Brien; debt finance lawyers Melissa Hutson and Conor O’Muiri; capital markets lawyer Sharon Freiman, Ashley Sinclair and Bob Hayward; and antitrust & competition lawyers Andrea Murino and Brittany Burke.