Blackstone Energy Transition Partners Announces Agreement to Acquire DarkVision from Koch Engineered Solutions

Blackstone, the world's largest alternative asset manager, announced that funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire DarkVision Technologies Inc. from Koch Engineered Solutions, a unit of Koch, Inc.

Founded in 2013 and headquartered in North Vancouver, British Columbia, DarkVision is the leader in advanced ultrasound imaging technologies used for the inspection of critical industrial infrastructure, serving a broad range of customers across global industrial and energy markets. The transaction reflects the convergence of the energy, industrial and technology sectors.

Bennett Jones acted as Canadian counsel to Blackstone Energy Transition Partners with a team led by Brent W. Kraus, and including Rebecca Burnand, Cole Shrimpton and Matthew Williams (M&A), Greg M. Johnson and Zachary Thacker (Tax), Kees de Ridder and David Wainer (Intellectual Property), Michael H. VanderMeer (Employment), Luke Stretch (Real Estate) and Zirjan J. Derwa (Competition & Antitrust)

Read the announcement.