NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing organizations accredited by th
Related Questions
How will Blackstone's acquisition of Sherco at a $1.6 billion valuation affect Blackstone's (BX) earnings guidance and valuation multiples?
What synergies and cost savings does Blackstone expect from the deal, and how might those impact the broader electrical equipment services sector and its competitors?
Will the transaction lead to any changes in Blackstone's capital allocation strategy or influence its pipeline of future private‑equity acquisitions, and how might that affect market sentiment toward the firm?