Emerson’s new partnership with international investors is a vote of confidence in the HVACR industry — and its durability and growth potential — at a time of accelerated change, analysts say.
Emerson on October 31 announced plans to sell a majority stake in its Climate Technologies business — the entire HVACR-related portfolio of services and products, including the Copeland compressor brand — to the private equity firm Blackstone. The deal, to be finalized in the coming months, will spin off Climate Technologies as a joint venture, with Emerson to have a non-controlling 45% stake in the new company until a possible sale or initial public offering.