Blackstone completes acquisition of majority stake of copeland, formerly emerson climate technologies

New york & st. louis--(business wire)--blackstone (nyse: bx) and emerson (nyse: emr) today announced that private equity funds managed by blackstone (“blackstone”) have completed the previously announced acquisition of a majority stake in emerson's 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's journey to advance the next generation of climate technologies. t.
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