Tracked deals
28
28 tracked deals across 2020-2026.
Private Equity Firm
Energy
Blackstone Energy Transition Partners
New York, New York, United States
Blackstone Energy Transition Partners is Blackstone’s energy-transition focused private equity strategy investing in energy-related and decarbonization themes.
- Focus Areas
- Energy transition, Decarbonization, Energy infrastructure
Recent pace
9
9 tracked deals announced in the last 12 months.
Deal mix
Buyout
19 buyout · 5 growth capital · 3 addon
Blackstone Energy Transition Partners Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 28 tracked deals for Blackstone Energy Transition Partners.
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September 1, 2026
- Buyer
- MacLean Power Systems, Blackstone Energy Transition Partners, Blackstone Capital Partners, Centerbridge Partners
- Target
- Delta Star, Inc.
- Industry
- Manufacturing
- Location
- Virginia, United States
- Type
- Buyout
MacLean Power Systems signed a definitive agreement to acquire Delta Star, a manufacturer of power transformers, mobile and unitized substations, and related field services. Existing MPS sponsors Blackstone Energy Transition Partners, Blackstone Capital Partners, and Centerbridge Partners are expected to make substantial additional investments to fund the acquisition; the deal is expected to close in the fourth quarter of 2026.
-
August 2, 2026
- Buyer
- Blackstone Energy Transition Partners (funds managed by Blackstone Energy Transition Partners)
- Target
- DarkVision Technologies Inc.
- Seller
- Koch Engineered Solutions (KES), Koch, Inc.
- Industry
- IT Services
- Location
- British Columbia, Canada
- Type
- Buyout
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.
-
July 7, 2026
- Buyer
- Blackstone Energy Transition Partners (funds managed by Blackstone), Blackstone
- Target
- Dresser Utility Solutions
- Seller
- First Reserve
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
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.
-
March 11, 2026
- Buyer
- Blackstone Energy Transition Partners (funds managed by Blackstone), Blackstone (NYSE: BX)
- Target
- Advanced Cooling Technologies, Inc. (ACT)
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
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.
-
- Buyer
- MacLean Power Systems, Funds affiliated with Blackstone Energy Transition Partners, Blackstone, Affiliate of Centerbridge Partners
- Target
- Power Grid Components
- Industry
- Industrial Services
- Location
- South Carolina, United States
- Type
- Buyout
MacLean Power Systems and Power Grid Components completed their previously announced merger, combining electrical transmission, distribution, substation, and communications infrastructure equipment portfolios under the MacLean Power Systems name. Funds affiliated with Blackstone Energy Transition Partners and Blackstone became the majority owners of the combined company, and Centerbridge will make a new investment. Financial terms were not disclosed.
-
- Buyer
- Blackstone Energy Transition Partners (funds managed by Blackstone)
- Target
- Arlington Industries
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Blackstone Energy Transition Partners (via funds managed by Blackstone) has entered into a definitive agreement to acquire Arlington Industries, a U.S. designer and manufacturer of electrical products. The deal is expected to close in the first quarter of 2026, subject to customary conditions, as part of Blackstone’s electrification and energy transition investment themes.
-
- Buyer
- Blackstone Energy Transition Partners (funds affiliated with Blackstone)
- Target
- Alliance Technical Group
- Industry
- Environmental Services
- Location
- Alabama, United States
- Type
- Buyout
Funds affiliated with Blackstone Energy Transition Partners and other Blackstone funds have acquired Alliance Technical Group (ATG), a Decatur, Alabama–based provider of environmental testing, monitoring and compliance services. ATG operates more than 60 offices and labs across the U.S. and Canada with over 2,200 employees; terms were not disclosed.
-
- Buyer
- Hitachi Energy, Blackstone Energy Transition Partners
- Target
- Shermco
- Seller
- Private equity funds affiliated with Blackstone
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Hitachi Energy has acquired a minority stake in Shermco, a leading North American electrical services provider, in partnership with Blackstone Energy Transition Partners. The strategic investment aims to expand Hitachi Energy's service capabilities across North America, accelerate Shermco's growth, and develop new digital service offerings to improve grid reliability and asset lifecycle management.
-
October 28, 2025
- Buyer
- Blackstone, Blackstone Energy Transition Partners
- Target
- Shermco
- Seller
- Gryphon Investors
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Blackstone’s private equity funds, through Blackstone Energy Transition Partners, acquired Shermco from Gryphon Investors in a transaction valued at about $1.6 billion. Shermco is a national provider of electrical testing, maintenance, repair, commissioning, and engineering services supporting data centers, utilities, and industrial customers.
-
October 7, 2024
- Buyer
- Power Grid Components, Blackstone Energy Transition Partners
- Target
- Vizimax Inc.
- Seller
- BDC Capital, Yaletown Ventures
- Industry
- Energy
- Location
- Quebec, Canada
- Type
- Addon
Power Grid Components (PGC), a Blackstone portfolio company, has acquired Vizimax Inc., a Longueuil, Quebec–based provider of controlled switching devices for high- and medium-voltage power systems. The add-on purchase expands PGC's product capabilities and footprint in North America and internationally; Vizimax was previously owned by a group led by BDC Capital and Yaletown Ventures.
-
September 26, 2024
- Buyer
- Message Broadcast, OceanSound Partners, Energy Impact Partners
- Target
- AGENT511
- Industry
- Software
- Location
- Illinois, United States
- Type
- Addon
Message Broadcast, a portfolio company of OceanSound Partners and Energy Impact Partners, has acquired AGENT511, a Northbrook, Illinois-based provider of customer and constituent engagement solutions for utilities and local governments. The undisclosed deal expands Message Broadcast’s utility-focused product suite and strengthens its position as a leading provider of customer engagement software for electric utilities and other regulated industries.
-
- Buyer
- New Mountain Capital, Energy Impact Partners
- Target
- Site 20/20
- Industry
- Manufacturing
- Location
- Nova Scotia, Canada
- Type
- Growth capital
Site 20/20, a Dartmouth, Nova Scotia-based developer of traffic control hardware and software, received a strategic growth investment from New Mountain Capital and Energy Impact Partners to accelerate product development, AI capabilities and market expansion. The capital will be used to advance the company’s technology and expand adoption across utility and infrastructure service providers.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
6 tracked deals by Blackstone Energy Transition Partners.
Energy Buyers & Acquisitions
5 tracked deals by Blackstone Energy Transition Partners.
Industrial Services Buyers & Acquisitions
5 tracked deals by Blackstone Energy Transition Partners.
Engineering Services Buyers & Acquisitions
3 tracked deals by Blackstone Energy Transition Partners.
Acquisitions in Texas
5 tracked deals by Blackstone Energy Transition Partners.
Acquisitions in Alabama
2 tracked deals by Blackstone Energy Transition Partners.
Acquisitions in Virginia
2 tracked deals by Blackstone Energy Transition Partners.
Acquisitions in California
1 tracked deal by Blackstone Energy Transition Partners.
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