Is Payne owned by Carrier?

Yes. Payne is a wholly owned brand of Carrier Global Corporation. It came under Carrier control through the 1999 acquisition of BDP Company, which had combined the Bryant, Day & Night, and Payne brands. Payne now operates within Carrier's Climate Solutions Americas segment.

Is Payne publicly traded?

No. Payne is a product brand, not a listed company. Its owner, Carrier Global Corporation, trades on the New York Stock Exchange under the ticker CARR.

When was Payne founded?

D.W. Payne founded Payne Furnace and Supply in Los Angeles, California, in 1914. The company moved to the City of Industry, California, in 1962 and became part of the BDP organization before joining Carrier in 1999.

D.W. Payne founded the company in 1914 to manufacture furnaces for Southern California's growing residential market. The business built its reputation on dependable, affordable heating equipment.

What is Payne's market position?

Payne is a value-tier residential HVAC brand. It prices below Carrier and Bryant and competes primarily with Goodman and other budget lines. Its products share engineering and manufacturing platforms with Carrier's premium brands while offering simplified feature sets.

Is Payne as reliable as Carrier?

Payne equipment shares underlying platforms and manufacturing lines with Carrier and Bryant products, but with simpler components and feature sets. Reliability depends heavily on installation quality. Payne offers baseline efficiency and durability at a lower price, though it lacks the premium features and dealer certification structure of the flagship brands.

Conglomerates & Industrial

Who Owns Payne?

Payne is a residential heating and cooling brand owned by Carrier Global Corporation (NYSE: CARR). Founded in Los Angeles in 1914, the brand provides air conditioners, gas furnaces, heat pumps, coils, and duct-free systems at value price points. Payne came under Carrier ownership through the 1999 acquisition of BDP Company.

Parent Company

Carrier Global Corporation

Acquired

1999

Status

Publicly Traded

Headquarters

Indianapolis, Indiana, USA

Payne Timeline

1914

Payne

Founded by D.W. Payne

Founded

1999

Acquired by Carrier Global Corporation

Carrier Global Corporation acquired Payne

Acquired

budgetmass marketUnited StatesOfficial Website

Who Owns Payne?

Parent Company: Carrier Global Corporation
Ownership Type: Wholly owned
Acquisition Year: 1999
Company Type: Publicly Traded
Stock Ticker: NYSE: CARR

Brand	Parent Company	Ownership Type
Payne	Carrier Global Corporation	Wholly owned

History of Payne

Founded: 1914
Founders: D.W. Payne
Acquired by Carrier Global Corporation: 1999

D.W. Payne founded Payne Furnace and Supply in Los Angeles in 1914, during the early growth of California's residential market. The company built furnaces for the region's expanding housing stock and developed a reputation for dependable, straightforward heating equipment.

Payne grew with Southern California through the mid-twentieth century. In 1962, the company relocated to a larger facility in the City of Industry, California, to support increasing production. As central air conditioning spread through American homes, Payne added cooling products to complement its furnace line.

The pivotal ownership change came through industry consolidation in the dealer-channel HVAC business. Payne joined Bryant and Day & Night under BDP Company, which manufactured and distributed the three brands through independent dealer networks. Carrier acquired BDP fully in 1999, folding Payne into what became UTC Climate, Controls and Security and later Carrier Global.

Within Carrier's multi-brand structure, Payne has consistently occupied the value position: dependable heating and cooling at lower price points than the flagship Carrier and premium Bryant lines. The strategy lets dealers offer a Carrier-engineered product to price-sensitive homeowners.

Payne completed the industry-mandated transition to the R-454B refrigerant for new systems in line with the January 2025 AIM Act requirements, updating its air conditioner and heat pump lines alongside the rest of the Carrier residential portfolio.

About Carrier Global Corporation

Is Carrier Global the same company as Carrier air conditioning?
Carrier Global Corporation is the parent company of the Carrier brand and related HVAC businesses. The company was spun off from United Technologies in April 2020 and now operates as an independent public company. The Carrier brand remains the flagship product line within Carrier Global's portfolio.

Is Carrier Global publicly traded?
Yes. Carrier Global Corporation trades on the New York Stock Exchange under the ticker symbol CARR. It is a component of the S&P 500 index and has no controlling shareholder.

When was Carrier Global founded?
Carrier Global became an independent public company on April 3, 2020, when United Technologies spun it off. The underlying Carrier enterprise was founded in 1915 by Willis Carrier and colleagues, and Willis Carrier invented the first modern air conditioning system in 1902.

What brands does Carrier Global own?
Carrier Global owns Carrier, Bryant, Payne, Viessmann, Toshiba HVAC, Automated Logic, Carrier Transicold, Heil, Day & Night, CIAT, and NORESCO, among others. The company divested its fire and security businesses and its commercial refrigeration unit during 2024.

What is Carrier Global's market position?
Carrier is one of the three largest HVAC companies globally alongside Trane Technologies and Daikin Industries. It holds the leading position in European residential heating through Viessmann and a leading share in North American commercial HVAC, where orders grew nearly 50% in the fourth quarter of 2025.

Who owns Carrier Global?
Carrier Global has no controlling owner. Its shares are publicly traded on the NYSE and held primarily by institutional investors, with Vanguard, BlackRock, and State Street among the largest shareholders.

Founded: 2020
Headquarters: Palm Beach Gardens, Florida, USA
Company Type: Publicly Traded
Stock: NYSE: CARR
Revenue: $21.75 billion (FY2025)
Employees: Approximately 48,000

Visit Carrier Global Corporation website

View full company profile for Carrier Global Corporation

Where Is Payne Made / Based?

Headquarters: Indianapolis, Indiana, USA
Manufacturing / Operations: United States, Mexico

Payne Categories & Tags

Hvac Residential Hvac Furnaces Value Brand Air Conditioning

Payne Ownership: Pros & Cons

Advantages

+Carrier engineering and manufacturing at value price points
+More than a century of brand history in American heating
+Shared platforms reduce warranty and reliability risk for buyers
+Dealer availability across the United States and Canada
+Value positioning benefits when consumers trade down

Considerations

-Weak North American residential market compressed volumes in 2025 and 2026
-Goodman dominates the value segment with greater dealer coverage
-Shared platforms mean fewer exclusive features than premium tiers
-No premium dealer certification program equivalent to Bryant's
-Refrigerant transition raised entry-level equipment prices

Frequently Asked Questions About Payne

Sources & Further Reading

Competitors to Payne

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

Brand	Parent Company	Country	Founded	Market Position	Primary Market	Gender Target
BryantSister Brand	Carrier Global	USA	1904	Premium	United states	All Genders
CarrierSister Brand	Carrier Global	USA	1902	Premium	Global	All Genders
Toshiba CarrierSister Brand	Carrier Global	Japan	1999	Premium	Asia pacific	All Genders