Blackstone Acquires Full Institutional Stake in AIR Control Concepts

Reuters

Jan 07

<a href="https://laohu8.com/S/BX">Blackstone</a> Acquires Full Institutional Stake in AIR Control Concepts

Blackstone Inc. has acquired Madison Dearborn Partners’ remaining equity stake in Air Control Concepts $(AIR)$, becoming the sole institutional investor in the company. This move follows Blackstone’s original investment in AIR in July 2024. The new investment aims to support AIR’s next phase of growth, including further expansion and opportunities in data centers. AIR, headquartered in Norfolk, Virginia, operates across 35 states and Canada with over 1,900 associates and 38 operating companies. Founder Brad Hobbs and his family will also invest alongside Blackstone. Terms of the transaction were not disclosed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackstone Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260106220225) on January 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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