Arctic Industries is a manufacturer and distributor of engineered walk-in coolers, freezers, and insulating enclosures.

Vertical Mechanical Group is a full-service HVAC and plumbing contractor that specializes in large-scale commercial projects such as hotels and multi-family residential buildings.

Blackstone and Emerson had jointly announced plans for the spinoff company last year. Emerson, which receives about $9.7 billion in cash in the deal, also retains a 40% ownership stake in Copeland.

Kian Capital Partners has completed the acquisition of Team Air Distributing, a wholesale distributor of OEM-branded HVAC equipment, parts, and supplies.

Emerson, a global technology and software company, has agreed to purchase National Instruments Corp. (NI), a provider of testing and measurement tools, for about $8.2 billion, or $60 per share in cash.