Core Viewpoint - Blackstone (BX.US) shares rose over 5% to $172.14 following the announcement of a $1.6 billion acquisition of electrical services provider Shermco, enhancing its position in the infrastructure and energy services sector [1]. Company Summary - Blackstone has announced the acquisition of Shermco for $1.6 billion, which specializes in electrical testing, maintenance, commissioning, and repair services for utilities, industrial, and energy sectors in North America [1]. - This acquisition is expected to strengthen Blackstone's footprint in the infrastructure and energy services market, providing Shermco with broader market resources and business development support [1].

Core Viewpoint - Blackstone (BX.US) has announced the acquisition of electrical equipment service provider Shermco for $1.6 billion, enhancing its presence in the infrastructure and energy services sector [1] Group 1: Acquisition Details - The acquisition amount is $1.6 billion [1] - Shermco specializes in providing electrical testing, maintenance, commissioning, and repair services to utilities, industrial, and energy sectors in North America [1] - This acquisition is expected to provide Shermco with broader market resources and business development support [1] Group 2: Market Reaction - Following the announcement, Blackstone's stock rose over 5%, reaching $172.14 [1]

Core Viewpoint - Blackstone (BX.US) has announced the acquisition of electrical equipment service provider Shermco for $1.6 billion, enhancing its position in the infrastructure and energy services sector [1] Company Summary - Blackstone's stock rose over 5% to $172.14 following the acquisition announcement [1] - The acquisition of Shermco will provide Blackstone with expanded market resources and business development support [1] Industry Summary - Shermco specializes in electrical testing, maintenance, commissioning, and repair services for utilities, industrial, and energy sectors in North America [1] - This acquisition is expected to strengthen Blackstone's footprint in the infrastructure and energy services market [1]