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

Blackstone Energy Transition Partners Acquires DarkVision Technologies from Koch Engineered Solutions

August 2, 2026

IT Services

Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire DarkVision Technologies Inc. from Koch Engineered Solutions (KES), a unit of Koch. DarkVision is a leader in advanced ultrasound imaging used to inspect critical industrial infrastructure. Terms were not disclosed and the deal is subject to customary closing conditions.

Dresser Utility Solutions Acquires Kobus

April 1, 2025

Infrastructure

Dresser Utility Solutions, a portfolio company of First Reserve, has acquired Kobus, a provider of gas and water pipe-pulling technology and a portfolio company of Agile Growth Equity. Kobus will continue operating from its Houston (U.S.) and Tamworth (U.K.) locations and the deal expands Dresser's capabilities for safer, faster, and more cost-effective underground gas and water pipe replacement to address aging utility infrastructure.

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.

Dresser Utility Solutions Acquires Total Piping Solutions

November 1, 2022

Manufacturing

Dresser Utility Solutions has acquired the assets of Total Piping Solutions (TPS) and will integrate TPS’ patented product lines into its Dresser Pipeline Solutions (DPS) business. The acquisition transfers TPS trademarks and patents (including TX3, Triple Tap, Quick Cam, and Ultra-Sleeve) to expand DPS’ product portfolio and distribution for water and wastewater markets in the U.S. and globally.

Dresser Utility Solutions Acquires Itron's Global Gas Regulator and European C&I Gas Metering and Stations Business

February 28, 2022

Utilities

Dresser Utility Solutions has closed the acquisition of Itron's global gas regulator business and Itron's European commercial & industrial (C&I) mechanical gas meter and stations business. As part of the deal, the employees supporting those businesses transfer to Dresser, which said the acquisition expands its metering, regulation and stations capabilities while Itron focuses on advanced networks and data-driven solutions.

Dresser Natural Gas Solutions Acquires Flow Safe, Inc.

November 5, 2020

Manufacturing

Dresser Natural Gas Solutions acquired Flow Safe, Inc., a manufacturer of over-pressure protection solutions, in a transaction that closed on October 30, 2020. GulfStar Group served as exclusive financial advisor to Flow Safe; the acquisition expands Dresser NGS's product capabilities and enables entry into new end markets such as aerospace, marine and industrial/specialty gas.