Blackstone Energy Transition To Acquire Majority Stake In Advanced Cooling Technologies

Blackstone Energy Transition Partners has entered a definitive agreement to acquire a majority stake in Advanced Cooling Technologies; deal terms were not disclosed. The transaction underscores Blackstone's push into energy-transition and clean-technology investments and is likely to have modest, company-level implications for BX and ACT equity.

Analysis

Blackstone Energy Transition Partners has entered a definitive agreement to acquire a majority stake in Advanced Cooling Technologies; deal terms were not disclosed. The transaction underscores Blackstone's push into energy-transition and clean-technology investments and is likely to have modest, company-level implications for BX and ACT equity.