Blackstone Energy Transition Partners to Acquire Majority Stake in Advanced Cooling Technologies

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.

The Thermal Group (Behrman Capital Portfolio) Acquires ACT Aerospace

February 3, 2025

Aerospace & Defense

The Thermal Group, a Behrman Capital portfolio company, acquired Applied Composite Technology Aerospace, LLC (ACT), a Gunnison, Utah-based manufacturer of advanced composite structures for the aerospace and defense markets. The add-on expands TTG's engineered solutions by adding composite design and manufacturing capabilities to enable cross-selling and support long-term growth; financial terms were not disclosed.

ACT Commodities Group Acquires Controlling Stake in Green Project Technologies

April 18, 2023

Cloud & SaaS

ACT Commodities Group has acquired a controlling stake in U.S.-based Green Project Technologies, a SaaS platform for emissions accounting and ESG reporting. The deal expands ACT's end-to-end sustainability offering by adding carbon accounting software capabilities and gives Green Project access to ACT's global reach to accelerate international growth.

Access Control Systems (ACS) Acquires Access Control Technologies (ACT)

January 11, 2022

Electrical Services

Access Control Systems (ACS), a Brixey & Meyer Capital–backed system integrator headquartered in Nashville, acquired Access Control Technologies (ACT), a Central Florida installer of automated gate systems headquartered in Orlando. The deal was sourced from Mike Knarreborg and his partners and is intended to expand ACS’s Florida presence, add capabilities, and accelerate ACT’s growth.

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

June 6, 2024

Manufacturing

Private equity funds managed by Blackstone, with investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and GIC, will acquire Emerson's remaining 40% interest in the Copeland joint venture (formerly Emerson Climate Technologies) for approximately $3.5 billion. The deal — in which Copeland will repurchase the seller's note — furthers Emerson's portfolio simplification and is expected to close in the second half of 2024, subject to regulatory approvals.

AIR Control Concepts (Blackstone) Acquires Technical Air Systems, Inc.

February 19, 2026

HVAC & Mechanical

AIR Control Concepts, a portfolio company of Blackstone, has acquired Technical Air Systems, Inc., an ESOP-owned regional HVAC manufacturers' representative based in Morristown, New Jersey. The deal positions Technical Air to leverage AIR's national platform and resources to accelerate growth across the New York/New Jersey market and preserve the company's local relationships and entrepreneurial culture.