Blackstone Backs Merger of MacLean Power Systems and Power Grid Components

Reuters12-10
<a href="https://laohu8.com/S/BX">Blackstone</a> Backs Merger of MacLean Power Systems and Power Grid Components

MacLean Power Systems and Power Grid Components are joining forces through a merger supported by an investment from Blackstone. The combination brings together two complementary suppliers of critical equipment for the U.S. power grid, forming one of North America's largest providers of highly-engineered utility equipment. The merged company will offer a broad portfolio of solutions for transmission, distribution, substation, and communication infrastructure. Management teams from both companies will remain in place post-closing to lead the business in its next phase of growth. Terms of the transaction were not disclosed.

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