Blackstone Buys Data Center Liquid Cooling Leader Flow Control Holdings
BX sits 23% above its 52-week low of $101.73 on light trading volume (0.1× avg).
Summary
Blackstone is acquiring Flow Control Holdings, a leader in highly engineered data center liquid cooling components. The deal expands Blackstone's exposure to AI-driven data center infrastructure, a high-growth area. No financial terms were disclosed. This follows Blackstone's recent AI-related investments, including a $35 billion chip financing for Anthropic. The acquisition aligns with the firm's strategy to capitalize on data center demand.
At the time of this announcement, BX was trading at $125.38 on NYSE in the Technology sector, with a market capitalization of approximately $155.7B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.