Private equity funds affiliated with Blackstone are to acquire Trystar, a provider of electrical equipment used for backup power solutions serving data centre, industrial, commercial, healthcare and utility end markets.

Trystar designs and manufactures electrical power solutions which help to ensure power reliability.

In a statement, Mark Zhu, Managing Director at Blackstone Energy Transition Partners, said: “Trystar’s innovative and mission-critical power management solutions are well-positioned to benefit from several thematic tailwinds including growing demand for electricity and end-users prioritising on-site power resiliency.”

Kirkland & Ellis advised Blackstone, while Houlihan Lokey and Faegre Drinker Biddle & Reath advised Trystar.