Investment Summary

The Blackstone Group Invests In Air Control Concepts

On July 15, 2024, private equity firm The Blackstone Group invested in business services company Air Control Concepts

Investment Highlights
  • This is The Blackstone Group’s 15th transaction in the Business Services sector.
  • This is The Blackstone Group’s 205th transaction in the United States.
  • This is The Blackstone Group’s 7th transaction in Virginia.

Investment Summary

Date 2024-07-15
Target Air Control Concepts
Sector Business Services
Investor(s) The Blackstone Group
Deal Type Growth Capital

Target

Air Control Concepts

Norfolk, Virginia, United States
Air Control Concepts is a company that partners with and supports leading commercial HVAC solutions providers. Air Control Concepts is based in Norfolk, Virginia.

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Investor(S) 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 325 of 331
Sector (Business Services) 15 of 16
Type (Growth Capital) 34 of 35
State (Virginia) 7 of 7
Country (United States) 205 of 209
Year (2024) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 RG Barry Bands

Pickerington, Ohio, United States

RG Barry Bands is a provider of accessories brands and fashionable, solution-oriented products that make life better. RG Barry Brands include Dearfoams slippers, baggallini handbags, totes, travel accessories, and Foot Petals premium insoles and comfort products. RG Barry Bands was founded in 1947 and is based in Pickerington, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Trystar

Faribault, Minnesota, United States

Trystar is a manufacturer offering temporary electrical power distribution products for the power rental, industrial, commercial utility, and backup emergency markets that are experiencing secular growth stemming from increasing mobile power utilization, an aging grid, and the growing impact of natural disasters. Trystar was formed in 1992 and is based in Faribault, Minnesota.

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