WebEmerson Electric has reached a deal to sell a majority stake in its climate-technologies business to private-equity giant Blackstone valuing the unit at $14 billion. WebOct 31, 2024 · Emerson, a diversified conglomerate that makes automation products and provides other engineering services, will sell its Climate Technologies business to private …

Emerson to Sell Large Stake of HVAC Unit to Blackstone

WebOct 6, 2024 · Per a Bloomberg report, Emerson Electric Co. EMR is in talks with Blackstone Inc. to sell a part of its commercial and residential solutions business. A … Web1 day ago · Emerson plans to finance the purchase using available cash, including proceeds from the pending sale of a majority stake in its Climate Technologies business … maximus cleveland

Blackstone buying Emerson

Emerson today announced a definitive agreement under which it will sell a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a transaction valuing Climate Technologies at $14.0 billion. See more “Today’s announcement is a definitive step in the portfolio journey we embarked on when I became CEO in early 2024,” said Lal Karsanbhai, President and Chief Executive Officer of … See more The transaction has been unanimously approved by Emerson’s Board of Directors and is expected to close in the first half of the calendar year … See more Climate Technologies had fiscal 2024 net sales of $5.0 billion, pre-tax earnings of $1.0 billion and EBITDA2, including standalone costs, of $1.1 billion. The transaction values … See more Emerson will be reporting financial results for its fourth quarter and fiscal year 2024, ended September 30, 2024, and providing guidance for its fiscal … See more WebOct 31, 2024 · By Nathan Gomes, Kannaki Deka and David Carnevali. (Reuters) - Emerson Electric Co will sell a majority stake in its climate technologies unit to Blackstone Inc in a deal that values the business ... herniated rectum