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Joele Frank handles Honeywell as the conglomerate plans to split into three independent aerospace, automation and advanced materials companies.
Activist investor Elliott Management pressed for the break-up of the 119-year-old company to maximize value for shareholders.
The Honeywell move follows a review of its business portfolio by the board of directors that was launched a year ago by CEO Vimal Kapur.
He said the formation of three independent industry-leading companies, each pursuing their growth strategies, will unlock significant value for shareholders and customers.
Honeywell Automation generated $18B in 2024 revenues, while Honeywell Aerospace chalked up $15B in sales, and Advanced Materials posted $4B in revenues.
One of the last US conglomerates, Honeywell is following the break-up strategy used by General Electric, United Technologies, 3M and Alcoa.
Joele Frank, Wilkinson Brimmer Katcher has Matt Sherman and Joe Sala working the Honeywell separation.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
