Private equity funds affiliated with Blackstone have agreed to acquire Trystar, a premier provider of electrical equipment used for backup power solutions.
Trystar designs and manufactures critical electrical power solutions for data center, industrial, commercial, healthcare and utility end-markets. The company’s product offerings help to ensure power reliability, which is of increasing importance amid the energy transition.
Mark Zhu, managing director at Blackstone Energy Transition Partners, said Trystar’s mission-critical power management solutions are positioned to benefit from several thematic tailwinds, including growing demand for electricity and end-users prioritizing on-site power resiliency.
Financial terms of the transaction were not disclosed.
“We’re thrilled to be partnering with the Trystar management team to drive the next phase of growth for the company,” said Bilal Khan, senior managing director at Blackstone Energy Transition
