The Duchossois Group Sells Chamberlain Group to Blackstone

Blackstone to Acquire Majority Stake in Flow Control Holdings

September 10, 2026

Manufacturing

Blackstone funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners agreed to acquire a majority stake in Flow Control Holdings (FCH) from Audax Private Equity, which will retain a minority equity interest. FCH makes engineered flow-control components for data center liquid cooling and food, beverage, and pharmaceutical applications; Blackstone plans to support capacity expansion amid rising demand from AI infrastructure.

Blackstone (BXPE) to Acquire Champions Group

February 19, 2026

IT Services

Funds managed by Blackstone’s perpetual private equity strategy (BXPE) entered into a definitive agreement to acquire Champions Group, a residential essential home services platform. Champions Group will be acquired from Odyssey Investment Partners, with Odyssey and management retaining a significant minority stake; the deal is expected to close in the first half of 2026 (subject to customary conditions).

Blackstone Makes Minority Investment in Sia Partners (up to €250M)

December 17, 2024

Consulting

Funds managed by Blackstone's private equity strategy will make a minority investment of up to €250 million in Sia Partners. Founder and CEO Matthieu Courtecuisse retains a significant majority stake and will continue to lead the firm; the capital will support Sia's U.S. expansion, capability development (notably in AI), and strategic M&A.

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.

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.

North Haven Capital Acquires The Chamberlain Group

September 28, 2022

Medical Devices

North Haven Capital, in partnership with Upstream Capital and with financing support from BankProv and BDC Capital, has acquired The Chamberlain Group, a New England-based designer and manufacturer of high-fidelity anatomical medical models. The deal gives North Haven a control position to expand TCG’s product offerings, service capabilities, target end markets and international footprint while working with the company’s founders and existing team.