Kirkland Advises Blackstone Energy Transition Partners on Agreement to Acquire Dresser Utility Solutions from First Reserve
Kirkland & Ellis advised Blackstone on a definitive agreement for funds managed by Blackstone Energy Transition Partners to acquire Dresser Utility Solutions from First Reserve. Dresser provides metering technology, digital instrumentation and software, pressure and flow control solutions and infrastructure repair products for gas and water utilities and industrial customers. With its global manufacturing footprint, the company helps customers modernize aging utility infrastructure and improve asset reliability. This represents the first investment of the most recent vintage of Blackstone’s private equity energy transition vehicle.
Read the transaction press release
The Kirkland team included corporate lawyers Zach Savrick, Jack Chadderdon, Rhett Van Syoc, Drew Clements, Cade Luedde, Pete Wojtal, Will Burdick, James Ticknor, Greg Scott, Sebastian Pitz, Louis Gosset, Irfan Ahmed and Adam Diouri; tax lawyers Mark Dundon, Dylan White and Karissa Leffingwell; debt finance lawyers Yuli Wang, Raghav Gupta and Narisa Gunpat; executive compensation lawyers Stephen Jacobson, Jabir Yusoff and Annie Gitter; employee benefits lawyer Justin Coddington; and environmental transactions lawyer Jim Dolphin.
