Emerson Electric Co. is in talks with Blackstone Inc. to sell at least part of its commercial and residential solutions business, according to people familiar with the matter.
A deal could be valued at between $5 billion to $10 billion, depending on how much of the portfolio changes hands, said the people, who asked to not be identified because the talks are private. No final decision has been made and discussions could fall through.
Emerson has been reshuffling its business mix through divestitures after merging its industrial software business earlier this year with Aspen Technology Inc. In August, it agreed to sell its garbage-disposal arm to Whirlpool Corp. for $3 billion.
It had $6.7 billion in sales in 2021, an increase of 18% from the year earlier, according to Emerson’s annual report.
Read more: BNN Bloomberg
