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Hitachi Energy and Blackstone Energy Transition Partners enter strategic partnership to create leading energy service provider in North America
Hitachi Energy acquires a minority stake in Shermco, a company recently acquired by private equity funds managed by Blackstone, strengthening capabilities to maintain the reliability and safety of North America’s power grid -- In addition, Hitachi Energy is investing more than $1 billion USD in the organic expansion of its global Service business, developing new digital service solutions, like HMAX, and growing its workforce. Hitachi Energy, Blackstone, and Shermco Unite Hitachi Energy and Black
About this update from Hitachi, Ltd.
[{"type":"text","content":"Hitachi Energy acquires a minority stake in Shermco, a company recently acquired by private equity funds managed by Blackstone, strengthening capabilities to maintain the reliability and safety of North America’s power grid -- In addition, Hitachi Energy is investing more than $1 billion USD in the organic expansion of its global Service business, developing new digital service solutions, like HMAX, and growing its workforce.","length":429,"tagName":"p"},{"type":"text","content":"Hitachi Energy, Blackstone, and Shermco Unite","length":45,"tagName":"p"},{"type":"image","alt":"Hitachi Energy and Blackstone partner with Shermco to drive the energy transition in North America.","displaySize":"","headline":null,"caption":"Hitachi Energy and Blackstone partner with Shermco to drive the energy transition in North America.","credit":"GlobeNewswire Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":1920,"height":1080,"url":"https://media.zenfs.com/en/globenewswire.com/0bb2ea96e1ed678abace6df3339da433"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8jmFRRYLSi_Q29E1120D6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/0bb2ea96e1ed678abace6df3339da433","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/45g3c5n1pEqRZP7ddTRRkg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/0bb2ea96e1ed678abace6df3339da433","width":1200,"height":675}}},{"type":"text","content":"Zurich, Switzerland, and New York, U.S.A., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Hitachi Energy, a wholly owned subsidiary of Hitachi, Ltd., today announced a strategic partnership with Blackstone Energy Transition Partners (“Blackstone”) to expand and strengthen its Service business, supporting customers in maintaining the reliability and safety of power infrastructure across North America. As part of the partnership, Hitachi Energy will acquire a stake in Shermco – a leading provider of comprehensive maintenance, repair, testing, commissioning, and design services in North America, recently acquired by private equity funds affiliated with Blackstone.","length":656,"tagName":"p"},{"type":"text","content":"The partnership brings together three industry leaders: Hitachi Energy, a global technology leader in electrification; Blacksto...