Saturday - August 23, 2025
Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion
August 22, 2025
NEW YORK, Aug. 22 -- Blackstone, an investment firm, issued the following news release:

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Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion

New York, NY - August 21, 2025 - 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 Gr . . .

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