{
  "id": 6732592,
  "title": "Blackstone to acquire Flow Control Holdings from Audax",
  "url": "https://urgent.news/2026/09/11/blackstone-to-acquire-flow-control-holdings-from-audax",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:50:50.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/blackstone-to-acquire-flow-control-holdings-from-audax/"
  },
  "original_language": "en",
  "account": "Private investment firm Blackstone is set to acquire US-based Flow Control Holdings (FCH) from Audax Private Equity. Affiliated private equity funds under Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a definitive agreement for the deal. Audax will maintain a minority ownership and collaborate with Blackstone and FCH's management post-acquisition. The financial details of the transaction, slated for completion in Q4, remain undisclosed. FCH, headquartered in Cincinnati, Ohio, provides engineered flow-control components utilized by original equipment manufacturers and hyperscalers in coolant distribution units, in-row manifolds, and secondary fluid networks. The products cater to liquid-cooling systems that are gaining traction as data centers deploy more powerful processors and aim to tackle escalating power and heat demands. Blackstone aims to bolster FCH's capacity growth as the demand for liquid-cooling technology escalates alongside investments in AI infrastructure. This acquisition strengthens Blackstone's portfolio with assets supporting the expansion of AI computing, as it falls under the firm's physical infrastructure segment. Blackstone's broader investment portfolio encompasses private equity, infrastructure, credit, and alternative strategies, while Blackstone Energy Transition Partners exclusively focuses on control-oriented investments in energy-related businesses. Houlihan Lokey and Jefferies advised FCH, while Ropes & Gray provided legal counsel. For Blackstone, William Blair, UBS, and Goldman Sachs served as advisors, with Kirkland & Ellis handling the legal side.",
  "summary": "Private investment major Blackstone is to acquire Flow Control Holdings, a US provider of engineered flow-control components used in data centre liquid cooling and other critical applications, from Audax Private Equity.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}