January 28, 2023
You are here:  Home  >  Latest news  >  Current Article

UTC unloads Clipper to private equity firm


Five months after the owner of Carpinteria-based Clipper Windpower called the acquisition of the turbine maker a “mistake” and put it on the market, its sale to a private equity group is complete. United Technologies Corp., a Connecticut-based defense conglomerate, paid about $318 million for Clipper in a two-stage deal in 2010, based largely on…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.