Blackstone (NYSE:BX) today announced the formation of a new utility and
heavy equipment platform, Utility One Source, in partnership with three
family-run businesses, Custom Truck & Equipment, Utility Fleet Sales and
Forestry Equipment of Virginia (“FEVA”). Through this partnership,
private equity funds managed by Blackstone (collectively with their
affiliates “Blackstone”) will provide growth capital for significant
additional investment in equipment, innovation and an expanded
geographic footprint, which will ensure Utility One Source has the
customer-focused solutions the industry requires.
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