India, Sept. 10 -- Blackstone Inc. (BX), an alternative asset management firm, announced on Thursday that its private equity funds have agreed to acquire Flow Control Holdings, a U.S. provider of liquid cooling components for data centers, food, beverage and pharmaceutical markets, from Audax Private Equity. Financial Terms of the deal were not disclosed.
Audax will retain a minority stake and continue to partner with Blackstone and management.
Flow Control Holdings supplies components used by OEMs and hyperscalers for coolant distribution units, in-row manifolds and secondary fluid networks. Liquid cooling is more energy efficient than air cooling, helping data centers cut emissions and improve power usage.
Closing of the deal is expect...