Copeland Reborn as a New Standalone Business after Blackstone’s US$ 14 Billion Acquisition
2023-06-26
On May 31, 2023, Emerson announced jointly with Blackstone that private equity funds managed by Blackstone have completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at US$ 14.0 billion. As a result, the largest class acquisition in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry was completed.
