{"id":296942,"date":"2023-05-31T18:12:43","date_gmt":"2023-05-31T22:12:43","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=296942"},"modified":"2023-06-07T12:58:04","modified_gmt":"2023-06-07T16:58:04","slug":"blackstone-completes-acquisition","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/","title":{"rendered":"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies"},"content":{"rendered":"

May 31, 2023 | Blackstone<\/p>\n

Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have completed the previously announced acquisition of a majority stake in Emerson\u2019s Climate Technologies business in a transaction valuing the business at $14.0 billion. This closing marks a significant milestone in the HVAC and refrigeration (HVACR) industry leader\u2019s journey to advance the next generation of climate technologies. <\/p>\n

The new standalone business will be named Copeland \u2013 building on the brand\u2019s 100-year legacy, global recognition and influence across the HVACR industry. As a standalone company focused on serving the global HVACR market, Copeland\u2019s product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers. Copeland had fiscal 2022 net sales of $5.0 billion.<\/p>\n

\u201cCopeland has long been a pioneer in the HVAC and refrigeration industries with unmatched capabilities in engineering, design and innovation,\u201d said Ross B. Shuster, Chief Executive Officer of Copeland. \u201cWith the focus that comes from being a standalone company, and the support of our shareholders, Blackstone and Emerson, we plan to extend the company\u2019s leadership position in the industry and develop new and integrated climate technology solutions. The Copeland business is made up of over 18,000 talented team members, who are aligned and committed to developing technologies and solutions that drive decarbonization at scale, accelerate the global trend of electrification and deliver greater value for our customers and end users.\u201d<\/p>\n

\u2261 Continue Reading<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have completed…<\/p>\n","protected":false},"author":3464,"featured_media":17889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2934,3010,2710],"tags":[],"class_list":["post-296942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquisitions","category-asset-manager-news","category-blackstone"],"acf":[],"yoast_head":"\nBlackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault<\/title>\n<meta name=\"description\" content=\"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Blue Vault\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T22:12:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-07T16:58:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"becki.clifton@bluevaultpartners.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"becki.clifton@bluevaultpartners.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/\",\"name\":\"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault\",\"isPartOf\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png\",\"datePublished\":\"2023-05-31T22:12:43+00:00\",\"dateModified\":\"2023-06-07T16:58:04+00:00\",\"author\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/676e3314716f6c1292fd2cbce2d1206c\"},\"description\":\"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...\",\"breadcrumb\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png\",\"contentUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png\",\"width\":600,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/qa.bluevaultpartners.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bluevaultpartners.com\/#website\",\"url\":\"https:\/\/bluevaultpartners.com\/\",\"name\":\"Blue Vault Partners\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bluevaultpartners.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/676e3314716f6c1292fd2cbce2d1206c\",\"name\":\"becki.clifton@bluevaultpartners.com\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f78f7e1d0eaf01db87dbca7e1393a9e8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f78f7e1d0eaf01db87dbca7e1393a9e8?s=96&d=mm&r=g\",\"caption\":\"becki.clifton@bluevaultpartners.com\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault","description":"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault","og_description":"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...","og_url":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/","og_site_name":"Blue Vault","article_published_time":"2023-05-31T22:12:43+00:00","article_modified_time":"2023-06-07T16:58:04+00:00","og_image":[{"width":600,"height":450,"url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png","type":"image\/png"}],"author":"becki.clifton@bluevaultpartners.com","twitter_card":"summary_large_image","twitter_misc":{"Written by":"becki.clifton@bluevaultpartners.com","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/","url":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/","name":"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Blue Vault","isPartOf":{"@id":"https:\/\/bluevaultpartners.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png","datePublished":"2023-05-31T22:12:43+00:00","dateModified":"2023-06-07T16:58:04+00:00","author":{"@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/676e3314716f6c1292fd2cbce2d1206c"},"description":"Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (\u201cBlackstone\u201d) have...","breadcrumb":{"@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#primaryimage","url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png","contentUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2017\/11\/AdobeStock_3516549.png","width":600,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/qa.bluevaultpartners.com\/blackstone-completes-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/qa.bluevaultpartners.com\/"},{"@type":"ListItem","position":2,"name":"Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies"}]},{"@type":"WebSite","@id":"https:\/\/bluevaultpartners.com\/#website","url":"https:\/\/bluevaultpartners.com\/","name":"Blue Vault Partners","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bluevaultpartners.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/676e3314716f6c1292fd2cbce2d1206c","name":"becki.clifton@bluevaultpartners.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f78f7e1d0eaf01db87dbca7e1393a9e8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f78f7e1d0eaf01db87dbca7e1393a9e8?s=96&d=mm&r=g","caption":"becki.clifton@bluevaultpartners.com"}}]}},"_links":{"self":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/296942"}],"collection":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/users\/3464"}],"replies":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/comments?post=296942"}],"version-history":[{"count":0,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/296942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media\/17889"}],"wp:attachment":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media?parent=296942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/categories?post=296942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/tags?post=296942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}