---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-008357"
form_type: "8-K"
ticker: "EMR"
cik: "0000032604"
company_name: "EMERSON ELECTRIC CO"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:38:02.803224+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Emerson closes $14B sale of Climate Technologies to Blackstone; retains 40% stake in Copeland JV

## Summary
- Received $9.7B cash upfront and $2.25B note (5% PIK interest) from Blackstone for majority stake.
- Emerson holds 40% common equity in new JV Copeland; Blackstone holds 60% common + $2B convertible preferred.
- Pro forma continuing ops net earnings for 6mo Mar 2023: $1.054B ($1.82 diluted EPS), down from as-reported $859M.
- Proceeds expected to help fund pending $7.6B acquisition of National Instruments (NI), announced Apr 2023.
- Pro forma balance sheet shows $11.7B cash; long-term debt of $8.2B unchanged.

## SEC filing metadata
- accession: 0000950103-23-008357
- form_type: 8-K
- ticker: EMR
- cik: 0000032604
- company_name: EMERSON ELECTRIC CO
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/32604/000095010323008357/0000950103-23-008357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/32604/000095010323008357/dp194557_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-008357
- JSON: https://secwatch.observer/filing/0000950103-23-008357.json
- Plain text: https://secwatch.observer/filing/0000950103-23-008357.txt

## Key facts
- M&A Transactions
  EMERSON ELECTRIC CO completed a disposition involving BCP Emerald Aggregator L.P. (affiliates of Blackstone Inc.) for $14.0 billion transaction (closed 2023-05-31).
  - Action: disposition
  - Counterparty: BCP Emerald Aggregator L.P. (affiliates of Blackstone Inc.)
  - Consideration: $14.0 billion transaction
  - Closing: 2023-05-31
  source text: (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc, which was divested earlier in fiscal 2022) to private equity funds managed by Blackstone in a $14.0 billion transaction. Emerson received upfront, pre-tax cash proceeds of approximately $9.7 billion and a note receivable with a face value of $2.25 billion (which will accrue 5
  evidence_url: https://www.sec.gov/Archives/edgar/data/32604/000095010323008357/0000950103-23-008357-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.