M&A Deal Summary

The Blackstone Group Acquires Shermco Industries

On August 21, 2025, private equity firm The Blackstone Group acquired business services company Shermco Industries from Gryphon Investors for 1.6B USD

Acquisition Highlights
  • This is The Blackstone Group’s 20th transaction in the Business Services sector.
  • This is The Blackstone Group’s 79th largest (disclosed) transaction.
  • This is The Blackstone Group’s 227th transaction in the United States.
  • This is The Blackstone Group’s 37th transaction in Texas.

M&A Deal Summary

Date 2025-08-21
Target Shermco Industries
Sector Business Services
Buyer(s) The Blackstone Group
Sellers(s) Gryphon Investors
Deal Type Secondary Buyout
Deal Value 1.6B USD
Advisor(s) Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target

Shermco Industries

Irving, Texas, United States
Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B 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, New York.


DEAL STATS #
Overall 360 of 365
Sector: Business Services M&A 20 of 20
Type: Secondary Buyout M&A Deals 88 of 90
State: Texas M&A 37 of 37
Country: United States M&A 227 of 231
Year: 2025 M&A 11 of 16
Size (of disclosed) 79 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-06 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-26 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded in 1985 and is based in Columbus, Ohio.

Sell -

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.


DEAL STATS #
Overall 42 of 43
Sector: Business Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 17 of 17
State: Texas M&A 5 of 5
Country: United States M&A 42 of 43
Year: 2025 M&A 1 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Kano Laboratories

Nashville, Tennessee, United States

Kano Laboratories is a producer of branded penetrating oils and lubricants in the industrial maintenance, repair, and operations and consumer markets. Kano Laboratories was founded in 1939 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-13 3Cloud

Downers Grove, Illinois, United States

3Cloud is a Microsoft Azure technology consulting firm and Azure Expert Managed Services Provider that provides cloud strategy, design, implementation, and managed services to clients across multiple industries. Founded by former Microsoft technology leaders, 3Cloud combines a team of highly experienced cloud architects and technologists with a strong network of Microsoft sales and engineering relationships to deliver the ultimate Azure experience for clients. 3Cloud was founded in 2016 and is based in Downers Grove, Illinois.

Sell -