Hamilton Sundstrand Industrial changes name, ownership

Jan. 8, 2012 – BC Partners, a leading international
private equity firm, and global alternative asset manager The Carlyle Group has
announced the completion of their previously announced acquisition of Hamilton
Sundstrand Industrial from United Technologies Corporation in a transaction
valued at $3.46 billion. With the sale, the newly independent company is now
Neodyne Industries. Neodyne, a manufacturer of highly engineered,
mission-critical pumps and compressors for the global industrial,
infrastructure and energy markets, operates three global industrial businesses
— Milton Roy, Sundyne and Sullair.

“The Neodyne brand reflects our renewed emphasis on product innovation,
engineering and manufacturing excellence. We will focus on our core industrial
products businesses while we better position our company for sustained global
growth,” stated John Doucette, president and chief executive officer of
Neodyne. “Neodyne will continue to deliver strong engineering and proprietary
design technology behind all of our industrial products.

In a joint statement, Carlyle and BC Partners said, “Neodyne has
consistently achieved best-in-class performance in its highly engineered
products and we are excited about the company’s continued growth prospects,
especially in high-value product segments and emerging markets. We believe the
combination of our resources and expertise, the company’s experienced leadership
and the continued growth trends in the energy, chemicals and industrials
sectors will help us achieve a successful future for Neodyne as an independent
global company.”

Related link
www.hamiltonsundstrand.com