Blackstone-led Consortium Acquires Emerson's Remaining Interest in Copeland

Blackstone Acquires Majority Stake in Emerson Climate Technologies (Rebranded Copeland)

October 31, 2022

Manufacturing

Private equity funds managed by Blackstone acquired a majority stake in Emerson's Climate Technologies business (rebranded as Copeland) in a transaction valuing the business at $14.0 billion. Emerson received approximately $9.7 billion in upfront cash, a $2.25 billion seller note and retained a minority equity stake while Blackstone (with co-investors ADIA and GIC) will support Copeland's growth as a standalone HVACR leader; Copeland reported fiscal 2022 sales of $5.0 billion and employs over 18,000 people.

Blackstone Acquires Madison Dearborn's Remaining Stake in AIR Control Concepts

January 9, 2026

HVAC & Mechanical

Blackstone has acquired Madison Dearborn Partners' remaining equity stake in AIR Control Concepts, making Blackstone the sole institutional investor after an initial investment in July 2024. AIR founder and CEO Brad Hobbs and his family are reinvesting alongside Blackstone as the company pursues continued expansion—including opportunities in data centers and adjacent service areas—across 35 U.S. states and Canada with more than 38 operating companies and roughly 1,900 associates.

Blackstone and Madison Dearborn Invest in Air Control Concepts

July 15, 2024

HVAC & Mechanical

Funds managed by Blackstone have made an equity investment in Air Control Concepts alongside existing investor Madison Dearborn Partners and AIR's management team to support the continued growth of AIR's commercial HVAC solutions platform. Headquartered in Norfolk, Virginia, AIR will continue to be led by its existing management team, which retains a meaningful ownership stake; terms were not disclosed.

Emerson Acquires 7AC Technologies, Inc.

November 23, 2020

HVAC & Mechanical

Emerson has completed the acquisition of 7AC Technologies, a Beverly, Massachusetts-based startup that develops liquid desiccant air-conditioning technology. The deal expands Emerson's commercial and residential HVAC capabilities by adding 7AC's energy-efficient humidity and air-management solutions.

A&M Capital Partners Acquires Majority Interest in The Arcticom Group

January 24, 2022

Industrial Services

A&M Capital Partners (AMCP), an Alvarez & Marsal Capital-affiliated private equity firm, has acquired a majority interest in The Arcticom Group, a Walnut Creek, California-based provider of mission-critical commercial refrigeration and HVAC services. Arcticom's senior management will remain in place, and AMCP plans to use Arcticom as a platform to pursue add-on acquisitions and expand geographic and end-market presence across North America.

Blackstone Acquires Chamberlain Group from The Duchossois Group

November 3, 2021

Building Products

Private equity funds managed by Blackstone have completed the acquisition of Chamberlain Group from The Duchossois Group. The investment positions Chamberlain Group to scale its hardware and software-based connected access services (myQ) into broader commercial, industrial and automotive markets, while The Duchossois Group retains meaningful equity and board representation.