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Blackstone to Acquire Majority Stake in Advanced Cooling Technologies
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Blackstone to Acquire Majority Stake in Advanced Cooling Technologies
LANCASTER, PA — Blackstone (NYSE: BX) has agreed to acquire a majority stake in Advanced Cooling Technologies Inc. through its Energy Transition Partners funds to expand capabilities in thermal management and energy efficiency, the companies announced. The transaction, which is subject to customary closing conditions, is expected to close in the second quarter, according to the announcement. Advanced Cooling Technologies, founded in 2003 and bas…
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