Blackstone Inc Stock Price, News & Analysis

Blackstone (NYSE: BX) has agreed to acquire Shermco from Gryphon Investors in a transaction valued at $1.6 billion. Shermco, headquartered in Irving, TX, is a leading electrical testing organization providing maintenance, repair, testing, and engineering services across 40 service centers in the U.S. and Canada.

The company employs over 600 NETA technicians and 200 engineers, serving data centers, utilities, and various commercial and industrial markets. Under Gryphon's ownership since June 2018, Shermco achieved two-fold revenue growth and significant operating margin improvements through organic growth and strategic acquisitions.

Blackstone Credit & Insurance (NYSE:BX) has expanded its financing partnership with Aligned Data Centers, increasing commitments to over $1 billion through an upsized senior secured credit facility. The funding, managed by BXCI's Infrastructure & Asset Based Credit Group, will support Aligned's expansion plans for over 5+ GW of future capacity across the Americas.

The investment aims to meet growing demand for adaptive, sustainable infrastructure supporting AI implementation, cloud, and enterprise applications. Aligned's strategic position is strengthened by its decade-long experience in air and liquid cooling solutions optimized for high-performance GPUs.

Blackstone (NYSE: BX) has announced a definitive agreement to acquire Enverus, a leading energy data analytics platform, from Hellman & Friedman and Genstar Capital. Enverus, founded in 1999, serves 8,000 customers across 50 countries with real-time analytics and benchmark data powered by generative AI, partnering with over 95% of U.S. energy producers.

The acquisition aligns with Blackstone's investment focus on electricity demand growth and energy transition, following recent investments in companies like Potomac Energy Center and Sediver. The transaction, expected to close by year-end, will involve Blackstone's core private equity strategy, Energy Transition Partners, and private equity strategy for individual investors.

Blackstone (NYSE: BX) has announced a majority growth investment in NetBrain Technologies, valuing the company at $750 million. NetBrain, a leader in Network Automation and AI platforms, serves over one-third of Fortune 500 companies with its intent-based network automation technology.

The investment aims to accelerate NetBrain's innovation, global expansion, and scaling of its AI-powered platform in the $30 billion NetOps market. The company's technology creates digital-twin networks and uses AI to automate manual network operations tasks, transforming network management from device-centric to intent-centric models.

NetBrain maintains a strong financial position with no debt, significant cash reserves, ongoing profitability, and a growing global presence.

Blackstone (NYSE:BX) has announced a massive infrastructure investment initiative in Pennsylvania, committing over $25 billion to develop digital and energy infrastructure while helping to catalyze an additional $60 billion in investments. The initiative focuses on two key areas: data centers through Blackstone-backed QTS, and power generation facilities through a joint venture with PPL.

The project will create or support over 6,000 jobs annually during the estimated 10-year construction phase and 3,000 permanent positions during operations. QTS, the world's largest independent data center operator, has secured multiple sites in Northeastern Pennsylvania, with construction expected to begin by year-end 2028, subject to approvals.

Blackstone (NYSE:BX) has appointed Monica Issar as Senior Managing Director and Head of Total Portfolio Management (TPM) within Blackstone Multi-Asset Investing (BXMA). Issar brings over 25 years of experience and will report to Joe Dowling, Global Head of BXMA.

Previously at J.P. Morgan Global Private Bank, Issar managed a $55 billion Outsourced Chief Investment Office and led a team overseeing $600 billion in portfolios. In her new role, she will partner with BXMA's Co-Chief Investment Officers to advance portfolio management capabilities across public and private markets.

Allegiant Travel Company (NASDAQ: ALGT) has announced the sale of its Sunseeker Resort Charlotte Harbor to Blackstone Real Estate (NYSE: BX) for $200 million. The transaction involves a newly-built resort featuring 785 rooms across 22 waterfront acres on Florida's Gulf Coast.

The resort includes extensive amenities such as multiple dining venues, two pools, a spa, fitness center, rooftop adult pool and bar, a championship golf course, and over 60,000 square feet of indoor meeting space. Allegiant plans to use the proceeds to repay debt and strengthen its balance sheet. The deal is expected to close in Q3 2025, subject to customary conditions.

Blackstone (NYSE: BX) has completed a CDN$7 billion equity investment in Rogers Communications through its Credit & Insurance division (BXCI). The investment involves acquiring a non-controlling stake in a new Rogers subsidiary that owns part of the company's wireless backhaul transport infrastructure. The investment consortium includes major Canadian institutional investors: CPP Investments, La Caisse, PSP Investments, BCI, and IMCO. The deal represents Blackstone's strategy of providing capital solutions to major corporations while offering unique investment opportunities. BXCI's Infrastructure and Asset Based Credit platform manages over $90 billion and employs more than 70 investment professionals.