# Blackstone completes acquisition of majority stake in Copeland

Private equity funds managed by Blackstone have completed the acquisition of a majority stake in Emerson's Climate Technologies business, now rebranded as Copeland, in a transaction valuing the business at $14.0 billion.

- Type: Acquisition
- Announced: 2018-05-25
- Where: United States
- Value: $14.0B
- Status: completed
- Products: compressors, controls, thermostats, valves, software, monitoring solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

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

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/bizwire-2023-5-31-blackstone-completes-acquisition-of-majority-stake-of-copeland-formerly-emerson-climate-technologies), 2018-05-25: "Copeland has long been a pioneer in the HVAC and refrigeration industries with unmatched capabilities in engineering, design and innovation."

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