WSJ: Johnson Controls sale of Glendale-based Power Solutions 'hits snag'
November 08, 2018 at 15:37 PM EST
According to a report from the Wall Street Journal, Johnson Controls has invited New York-based equity firm Apollo Global Management LLC back into the buying process for the Power Solutions business, which is based in Glendale. Last week, Bloomberg reported that Johnson Controls was nearing a sale of Power Solutions to Toronto-based equity firm Brookfield Asset Management Inc.