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FinanceBlackstone acquires Dresser Utility Solutions via energy transition funds
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The article discusses Blackstone Inc. (BX) as a potential top dividend stock according to Jim Simons' Renaissance Technologies. It reports that on July 6, 2026, Blackstone announced an agreement for its Blackstone Energy Transition Partners funds to acquire Dresser Utility Solutions. This acquisition gives Blackstone access to a provider of natural gas, water measurement, and infrastructure equipment solutions, marking the first investment by Blackstone's private equity energy transition vehicle. Dresser is benefiting from rising demand for energy grid infrastructure. David Evans, CEO of Dresser Utility Solutions, stated the deal will leverage Blackstone's resources to invest in innovation and expand product offerings, aiming to build a leading infrastructure technology platform. Blackstone is described as the world's largest alternative asset manager, investing in corporate private equity, real estate, infrastructure, and credit. The article also promotes a separate report on AI stocks.
Source report
By Neha Gupta Published: July 16, 2026, 6:33 AM PDT Last updated: July 16, 2026, 1:33 PM UTC
Blackstone (NYSE: BX) has been highlighted as one of the best dividend stocks to invest in, according to Jim Simons' Renaissance Technologies.
Recent Acquisition
On July 6, Blackstone announced that funds managed by Blackstone Energy Transition Partners have reached an agreement to acquire Dresser Utility Solutions.
Key details of the acquisition:
- Provides Blackstone's unit with access to a premier provider of mission-critical natural gas, water measurement, and infrastructure equipment solutions
- Represents the first investment by Blackstone's private equity energy transition vehicle
- Comes as Dresser capitalizes on rising demand for energy grid infrastructure, positioning itself as a trusted partner in managing essential infrastructure
Executive Commentary
David Evans, CEO of Dresser Utility Solutions, described the transaction as an important milestone. He noted that it paves the way to leverage Blackstone's deep resources and experience in the utility sector to:
- Continue investing in innovation
- Expand the product portfolio
- Build a leading infrastructure technology platform that enables utilities to optimize assets and manage digital transformation
Company Overview
Blackstone Inc. (NYSE: BX) is the world's largest alternative asset manager. The firm invests on behalf of institutional and individual investors by acquiring, managing, and improving various assets—including corporate private equity, commercial real estate, infrastructure, and credit—to generate profitable returns.
Note: While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. For an extremely undervalued AI stock that also stands to benefit from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read Next:
- 10 Best Stocks to Buy According to David Greenspan's Slate Path Capital
- 10 AI Stocks on Wall Street's Radar: Datadog, Microsoft, and More
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Source
Yahoo FinanceWestern
Part of this Story
Is Blackstone Inc. (BX) One of the Best Dividend Stocks to Invest in According to Jim Simons' Renaissance Technologies?