10:34 AM EDT, 07/16/2024 (MT Newswires) -- Blackstone (BX) said Tuesday its affiliated private equity funds agreed to acquire electrical equipment provider Trystar for an undisclosed amount.

Trystar's products help to ensure power reliability in data center, industrial, commercial, health care and utility end markets, Blackstone said.

Trystar is based in Faribault, Minnesota.

Shares of Blackstone rose 2.3% in recent Tuesday trading.

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