M&A Deal Summary

The Blackstone Group Acquires Copeland

On October 31, 2022, private equity firm The Blackstone Group acquired business services company Copeland from Emerson for 14.0B USD

Acquisition Highlights
  • This is The Blackstone Group’s 14th transaction in the Business Services sector.
  • This is The Blackstone Group’s 7th largest (disclosed) transaction.
  • This is The Blackstone Group’s 194th transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-10-31
Target Copeland
Sector Business Services
Buyer(s) The Blackstone Group
Sellers(s) Emerson
Deal Type Divestiture
Deal Value 14.0B USD

Target

Copeland

St. Louis, Missouri, United States
website
Copeland is a global climate technologies company. Copeland creates sustainable residential, commercial and industrial spaces through HVACR technologies and maintains the integrity of goods throughout the cold chain. Copeland was formerly known as Emerson Climate Technologies. The Company is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 308 of 320
Sector (Business Services) 14 of 14
Type (Divestiture) 31 of 32
State (Missouri) 1 of 1
Country (United States) 194 of 202
Year (2022) 9 of 10
Size (of disclosed) 7 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Chamberlain Group

Oak Brook, Illinois, United States

Chamberlain Group designs and engineers residential garage door openers, commercial door operators, and gate entry systems. Company products are connected through innovative MyQ technology which empowers users to control or monitor their entry points through smartphone access. Chamberlain Group is based in Oak Brook, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 R Systems International

Noida, India

R Systems International is a specialized IT Services & Solutions and IT-enabled Services provider catering to a wide range of global customers. R Systems International was founded in 1993 and is based in Noida, India.

Buy -

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States

website

Category Company
Founded 1890
Sector Diversified
Employees85,500
Revenue 19.6B USD (2022)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 26 of 26
Sector (Business Services) 1 of 1
Type (Divestiture) 25 of 25
State (Missouri) 3 of 3
Country (United States) 23 of 23
Year (2022) 3 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 InSinkErator

Mt. Pleasant, Wisconsin, United States

InSinkErator is a manufacturer of food waste disposers and instant hot water dispensers for home and commercial use. InSinkErator was founded in 1938 and is based in Mt. Pleasant, Wisconsin.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 National Instruments

Austin, Texas, United States

National Instruments designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The Company's platform-based approach to engineering provides an integrated software and hardware platform that speeds the development of systems needing measurement and control. National Instruments was formed in 1976 and is based in Austin, Texas.

Buy $8.2B
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