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Market commentary Mar 2024 · Global Verified

Copeland emerges as Blackstone-backed standalone climate tech company

At an AHR Expo press conference, Copeland CEO Ross Shuster described how Copeland separated from Emerson in June of the prior year to become an independent standalone company backed by private-equity sponsor Blackstone, with nearly $5 billion in annual revenues.

“as it has joined forces with Blackstone and emerged as a pure-play climate technologies company”

Entities

Blackstone (BXPE) · Sponsor Copeland · Target Emerson · Parent
Refrigeration Sentiment: Positive
Source: ACHR News, Mar 2024, p.7 (OCR)

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