HPAC Magazine

Copeland – the new standalone company

June 7, 2023 | By HPAC Magazine

Previously Emerson’s Climate Technologies business, Blackstone has closed its majority position acquisition, valuing the business at US$14.0 billion.


Blackstone and Emerson have closed on the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at US$14 billion.

The new standalone business will be named Copeland and carry a product portfolio including compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.

Copeland is owned by a joint venture between Blackstone and Emerson, with Blackstone having a controlling interest of 60%. In the transaction, Emerson received approximately $9.7 billion at close along with its 40% non-controlling common equity in the business.




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