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UTC unloads Clipper to private equity firm

By   /   Wednesday, August 8th, 2012  /   Comments Off on UTC unloads Clipper to private equity firm

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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…

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