Trystar (Blackstone Portfolio) Acquires Salient from LFM Capital

LFM-backed PSI Power & Controls Acquires Salient Power Solutions

April 6, 2022

Manufacturing

LFM Capital portfolio company PSI Power & Controls has acquired Salient Power Solutions, a Nunn, Colorado-based manufacturer of switchboards, switchgear, and control-based power solutions. The add-on expands PSI's product offering and access to key end-markets—notably data centers—enabling cross-selling and increased capacity; financial terms were not disclosed.

Blackstone Acquires Trystar, Provider of Backup Power Solutions

July 16, 2024

Manufacturing

Private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Trystar, a Minnesota-based designer and manufacturer of critical electrical power and backup power solutions. Blackstone said it will partner with Trystar's management to build a leading platform serving distributed power generation markets and accelerate growth amid energy transition tailwinds.

Trystar (Goldner Hawn Portfolio Company) Acquires Controlled Power Company

December 1, 2021

Manufacturing

Trystar, a Goldner Hawn portfolio company, has acquired Controlled Power Company (CPC), a Troy, Michigan-based manufacturer of commercial, industrial, and medical-grade power quality solutions. The acquisition expands Trystar's portable and permanent power distribution offerings to include inverters, high-efficiency transformers, power conditioning, UPS/battery backup and industrial DC (rectifier) solutions, broadening its end markets such as data centers, healthcare, and commercial buildings.

LFM Capital Acquires PSI Control Solutions

April 6, 2020

Manufacturing

LFM Capital, a Nashville-based private equity firm, has invested in PSI Control Solutions, a Charlotte-headquartered manufacturer of custom electrical control panels and emergency power products. PSI, founded in 1961 with a second facility in Mayfield, Kentucky and ~75 employees, will partner with LFM to expand operations and pursue growth opportunities across its industrial and electrical end markets.

Trystar (Goldner Hawn Portfolio Company) Acquires Total Plant Management Group (TPMG)

December 9, 2021

Manufacturing

Trystar, a Goldner Hawn portfolio company, has acquired Total Plant Management Group (TPMG), a Houston-based designer and manufacturer of prefabricated steel buildings, control panels, metering skids, and modular electrical substations. The deal expands Trystar's power-system offerings by adding turnkey engineering, fabrication, integration, testing and commissioning capabilities for E-houses and remote instrument enclosures.

Westwood Acquires Salient Partners' Asset Management Business

May 26, 2022

Wealth Management

Westwood Holdings Group, Inc. has entered into a definitive agreement to acquire the asset management business of Salient Partners, L.P., adding Salient's energy infrastructure, real estate, tactical equity and private investments capabilities. The deal (upfront $35 million with up to $25 million in deferred payments tied to targets) increases Westwood's AUM by roughly 32% and is intended to expand Westwood's multi-asset, real assets and alternatives offerings while leveraging Westwood's distribution and institutional relationships.