Business
Blackstone Announces Additional Investment in AIR Control Concepts
NORFOLK, Va., January 07, 2026--Air Control Concepts ("AIR"), the largest commercial HVAC, electrical, and controls platform in North America, announced today that funds managed by Blackstone’s private equity strategy for individual investors ("Blackstone") have signed and closed the acquisition of Madison Dearborn Partners’ ("MDP") remaining equity stake in AIR, following Blackstone’s original investment in July 2024. Founder, President and CEO of AIR, Brad Hobbs, and his family will also inves
About this update from Blackstone Inc.
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