# Blackstone closes majority acquisition of Emerson's Climate Technologies as Copeland

Blackstone and Emerson closed the acquisition of a majority stake in Emerson's Climate Technologies business, now standalone as Copeland, in a transaction valuing the business at US$14 billion. Emerson received about $9.7 billion at close.

- Type: Acquisition
- Announced: 2023-12-21
- Value: $14.0B
- Status: completed
- Products: compressors, controls, thermostats, valves, monitoring software
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Emerson](https://endata.com/companies/355.md) (partner)
- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)
- [Copeland](https://endata.com/companies/8190.md) (target)

## Sources

- [hpacmag.com](https://www.hpacmag.com/heating-plumbing-air-conditioning-general/top-story-of-2023-copeland-the-new-standalone-company/1004139884/), 2023-12-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.