Blackstone Energy Transition Partners acquires Dresser Utility Solutions from First Reserve

Type: Acquisition · Technology: Water Waste · Country: United States · Announced: 2026-07-06

Blackstone Energy Transition Partners has agreed to acquire Dresser Utility Solutions, a provider of natural gas and water measurement, control, and infrastructure metering equipment, from First Reserve. The transaction marks Blackstone Energy Transition Partners' expansion into utility infrastructure assets, following its focus on energy transition investments. Dresser Utility Solutions supplies critical metering and control systems used in natural gas distribution and water management networks across North America. First Reserve, a private equity firm specializing in energy investments, will exit the business through the sale. The deal terms, including valuation and financing structure, were not disclosed in the announcement.

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