Blackstone to acquire Trystar.

Blackstone, an American multinational private equity, alternative asset management, and financial services firm, agreed to acquire Trystar, a provider of electrical equipment used for backup power solutions. Financial terms were not disclosed. “We’re thrilled to be partnering with the Trystar management team to drive the next phase of growth for the company. Building on our track record of energy transition investments, we look forward to leveraging Blackstone’s global scale and deep domain expertise to further enhance Trystar’s market position,” Bilal Khan, Blackstone Senior Managing Director.