Blackstone becomes sole investor in AIR Control Concepts

Blackstone bought out Madison Dearborn's remaining stake to become the sole institutional investor in AIR, which is now the largest commercial HVAC, electrical, and controls platform in North America with 38+ operating companies.

“Blackstone bought out Madison Dearborn’s remaining stake to become the sole institutional investor in AIR — now the largest commercial HVAC, electrical, and controls platform in North America, with 38-plus operating companies across 35 states and Canada.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.