Blackstone Energy Transition Partners Acquires DarkVision Technologies from Koch Engineered Solutions

Blackstone Energy Transition Partners to Acquire Dresser Utility Solutions from First Reserve

July 7, 2026

Industrial Services

Blackstone Energy Transition Partners, via funds managed by Blackstone, has entered into a definitive agreement to acquire Dresser Utility Solutions from First Reserve. Dresser is a Houston-based provider of mission-critical natural gas and water measurement, control, and infrastructure equipment solutions, with approximately 850 employees. Financial terms were not disclosed and the deal is subject to customary closing conditions.

Blackstone Energy Transition Partners to Acquire Majority Stake in Advanced Cooling Technologies

March 11, 2026

Industrial Services

Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, Inc. (ACT), a U.S. manufacturer of highly-engineered thermal management and energy efficiency solutions. The transaction is expected to close in the second quarter, subject to customary conditions, with ACT’s executive team remaining in place and continuing as significant shareholders.

Blackstone to Acquire SEVES Group (Parent of SEDIVER) from Triton

June 6, 2024

Manufacturing

Blackstone has entered into a definitive agreement to acquire SEVES Group S.à r.l., the parent company of SEDIVER Group, from funds managed by Triton. The deal, which furthers Blackstone's energy transition strategy by adding a leading manufacturer of high-voltage glass insulators, is expected to close in the second half of 2024 subject to regulatory approvals; financial terms were not disclosed.

KPM Analytics Acquires Smart Vision Works

March 8, 2023

Food & Beverage

KPM Analytics, a Union Park Capital portfolio company, has acquired Smart Vision Works, a specialist developer of AI-powered computer vision systems for the food and agriculture industries. The deal is an add-on to KPM’s vision inspection portfolio intended to expand its AI/edge vision capabilities for sorting and foreign material detection across food production end markets.

Koch Engineered Solutions Acquires Majority Stake in DarkVision Technologies

May 19, 2020

Industrial Services

Koch Engineered Solutions (KES), a unit of Koch Industries, acquired a majority stake in DarkVision Technologies and made a significant growth equity investment to support R&D and expansion. The deal brings DarkVision's acoustic imaging hardware and software into KES as part of a strategy to build an integrated asset integrity platform serving NDT and multiple industrial end-markets.

Koch Engineered Solutions Acquires Sentient Energy

March 26, 2020

Energy

Koch Engineered Solutions (KES), a unit of Koch Industries, has acquired Sentient Energy, a provider of line sensors and grid analytics software. KES said the acquisition is the first step in building an intelligent electric grid platform that combines Sentient Energy’s Grid Analytics System with KES’s engineering and global scale to expand capabilities for electric distribution grid monitoring and analytics.