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

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.