# Emerson completes sale of remaining 40% Copeland stake to Blackstone

Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.

- Type: Acquisition
- Announced: 2024-08-13
- Where: United States
- Value: $3.50B
- Status: completed
- Products: compressors, HVAC and refrigeration products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Emerson](https://endata.com/companies/355.md)
- [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

- [coolingpost.com](https://www.coolingpost.com/world-news/emerson-completes-copeland-sale/), 2024-08-13: "Emerson has today announced the completion of the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone."
- [refindustry.com](https://refindustry.com/news/emerson-finalizes-sale-of-copeland-stake-to-blackstone/), 2024-08-15: "Emerson announced that it has completed the sale of its remaining 40% common equity interest in the Copeland joint venture to private equity funds managed by Blackstone."

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