Honeywell International, Morris Township, N.J., and GTCR Golder Rauner LLC, a Chicago-based private equity firm, announced a definitive agreement for the sale of Honeywell Security Monitoring to GTCR Fund VIII L.P. for $315.5 million in cash.
The business will operate as an independent entity following the closing of the transaction, which is expected to be completed by the end of this month.