Gryphon Investors to Sell Shermco to Blackstone in $1.6 Billion Transaction

SAN FRANCISCO, Aug. 21, 2025 /PRNewswire/ -- Gryphon Investors ("Gryphon"), a leading middle-market private investment firm, announced today that it has entered into a definitive agreement to sell its portfolio company Shermco ("the Company"), a leading player in electrical testing, engineering, maintenance and repair, to private equity funds affiliated with Blackstone (NYSE: BX). The transaction is valued at approximately $1.6 billion.

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