Blackstone close to acquiring power grid solutions provider MacLean

US investment firm Blackstone is nearing the acquisition of MacLean Power Systems, a provider of power grid components, from Centerbridge Partners, according to Bloomberg, which references sources.

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Blackstone close to acquiring power grid solutions provider MacLean © The Strategist

Sources indicate that the agreement might be revealed as soon as next week, with a valuation that could surpass $4 billion.

According to some sources, Blackstone surpassed other bidders for MacLean, including the Swedish-Swiss firm ABB, which chose not to increase its offer.

In 2022, Centerbridge obtained a controlling interest in MacLean for a sum that remains undisclosed.

source: bloomberg.com

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