The IRA incentivizes high-efficiency replacements and encourages the move to electrification, which is simply replacing fossil fuel systems with an alternative, electric heat source.
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.
Sherry has held CFO positions for the past ten years. “His passion and expertise will be critical as we continue to expand our capabilities to solve the biggest pain points for contractors all across the country," said Ara Mahdessian, ServiceTitan co-founder and CEO.