Blackstone Sees Stock Surge Amid Acquisitions in Private Equity Sector

Blackstone Inc. (BX) saw its shares trading higher on Tuesday after the company disclosed that private equity funds affiliated with Blackstone entered into a definitive agreement to acquire Trystar, a top provider of electrical equipment used for backup power solutions. According to Benzinga Pro, BX stock has recorded a gain of over 30% in the past year.

In a separate development, Blackstone and CVC Capital Partners Plc are reportedly among the private equity firms eyeing bids for StandardAero, a potential deal that could value the aircraft maintenance services provider at over $10 billion, including debt, as per a Bloomberg report. Veritas Capital has shown interest in acquiring the Carlyle-backed business. Carlyle is working with JP Morgan Chase & Co. and Morgan Stanley to explore options, including a possible sale or initial public offering of StandardAero.

StandardAero is headquartered in Scottsdale, Arizona, and specializes in gas turbine engine maintenance, repair, and overhaul services. With about 7,500 employees, it serves major clients like GE Aerospace, Safran SA, and Pratt & Whitney, and has recently secured a long-term contract to maintain CFM International’s LEAP-1A and LEAP-1B engines. Investors can access BX stock through various ETFs like EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO and Invesco Global Listed Private Equity ETF PSP. At the last check on Tuesday, BX shares were trading higher by 2.53% at $135.71.