William Blair acted as financial advisor to The Blackstone Group (Blackstone) in connection with its acquisitions of Salient, a portfolio company of LFM Capital, and Trystar, a portfolio company of Goldner Hawn. Blackstone made these acquisitions via its Blackstone Energy Transition Partners business. The transactions closed in September 2024 and August 2024, respectively.
About the Companies
Salient is a leading provider of emergency power products and custom electrical control panels for data centers and Original Equipment Manufacturers (OEMs) to ensure uptime, enhance safety, and optimize performance in industrial applications.
Trystar is a leading provider of electrical power solutions to ensure power reliability. The company’s diverse portfolio of offerings includes a wide range of safe, reliable, permanent, and portable power solutions that serve diverse industry sectors including healthcare, data centers, utilities, entertainment, education, government, and commercial buildings.
Blackstone is the world’s largest alternative asset manager. The company seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which they invest. Blackstone’s more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested over $21 billion of equity globally across a broad range of sectors within the energy industry. The business’s investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable, and affordable energy to meet the needs of the global community. In the process, Blackstone Energy Transition Partners builds stronger, larger scale enterprises, creates jobs, and generates lasting value for its investors, employees, and all stakeholders.
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