M&A Deal Summary

The Blackstone Group Acquires Trystar

On July 16, 2024, private equity firm The Blackstone Group acquired electrical equipment company Trystar from Goldner Hawn

Acquisition Highlights
  • This is The Blackstone Group’s 6th transaction in the Electrical Equipment sector.
  • This is The Blackstone Group’s 210th transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2024-07-16
Target Trystar
Sector Electrical Equipment
Buyer(s) The Blackstone Group
Sellers(s) Goldner Hawn
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Faegre Drinker Biddle & Reath (Legal)

Target

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 founded in 1992 and is based in Faribault, Minnesota.

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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 335 of 362
Sector: Electrical Equipment M&A 6 of 6
Type: Secondary Buyout M&A Deals 79 of 90
State: Minnesota M&A 1 of 2
Country: United States M&A 210 of 230
Year: 2024 M&A 9 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-04 Lombard International Group

Luxembourg, Luxembourg

Lombard International Group is a provider of insurance-based wealth, estate and succession planning solutions for upper affluent, high net worth and ultra-high net worth individuals, families and institutions. Lombard International Group was founded in 2013 and is based in Luxembourg, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-18 Symphony Infrastructure Partners

Sydney, Australia

Symphony Infrastructure Partners develops, operates, and owns energy transition infrastructure services platform. Symphony Infrastructure Partners was founded in 2022 and is based in Sydney, Australia.

Buy -

Seller(S) 1

SELLER

Goldner Hawn

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn is a private equity firm that targets middle market companies in the Midwest US. Goldner Hawn generally looks for businesses valued between $25 and $150 million and looks to invest between $10 to $30 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. Goldner Hawn prefers control investments, but in certain instances, the Firm will also consider minority positions. Goldner Hawn was formed in 1989 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 34 of 34
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 14
State: Minnesota M&A 11 of 11
Country: United States M&A 34 of 34
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Renovation Systems

Plymouth, Minnesota, United States

Renovation Systems is a multifamily services platform offering turn-flooring, interior renovations, emergency restoration, and care and maintenance solutions to the multifamily, commercial, and builder channels. Renovation Systems was founded in 1996 and is based in Plymouth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-01 Nexterra Environmental

St. Paul, Minnesota, United States

Nexterra Environmental is a multi-regional distributor of erosion control & stormwater management products across infrastructure, energy, commercial and residential development end markets. Nexterra Environmental is based in St. Paul, Minnesota.

Buy -