# Blackstone to buy majority stake in Emerson's Climate Technologies unit

Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.

- Type: Acquisition
- Announced: 2022-10-31
- Where: United States
- Value: $14.0B
- Status: announced
- Products: Copeland compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Emerson Electric](https://endata.com/companies/654.md) (investor)
- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)
- [Emerson Climate Technologies](https://endata.com/companies/9838.md) (target)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2022-10-31/blackstone-to-take-over-emerson-s-14-billion-climate-tech-unit), 2022-10-31: "Blackstone Inc. agreed to buy control of Emerson Electric Co.'s climate technologies arm in a deal valuing the business at about $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.