Blackstone Capital Partners and Blackstone Energy Partners Form New Utility and Heavy Equipment Platform
Simpson Thacher represented Blackstone Capital Partners and Blackstone Energy Partners in a series of financing transactions in connection with Blackstone’s investment in Utility One Source (“UOS”).
UOS will be comprised of three family-owned heavy equipment companies, Custom Truck & Equipment, Utility Fleet Sales and Forestry Equipment of Virginia. UOS will build upon the market positions of each of the three companies in the energy and infrastructure industries while serving as a single source supplier for the utility and heavy equipment industries with a focus on sales, rental equipment, parts, transportation and service.
The Simpson Thacher team included Alden Millard, Brian Gluck, Wenli Cai and Kirsten Popoff (Banking and Credit).