Key Takeaways
- • Blackstone Energy Transition Partners acquired a majority stake in Advanced Cooling Technologies (ACT), a Lancaster, Pennsylvania-based thermal management firm, in a transaction announced March 11, 2026, with Houlihan Lokey and Reed Smith serving as advisors.
- • Blackstone's investment is positioned to expand Advanced Cooling Technologies' manufacturing capacity to address surging demand driven by energy transition trends, following the firm's recent acquisition of environmental services platform Alliance.
- • Entrepreneurial Equity Partners (E2P) exited its investment in Furlani Foods, a garlic breads and breadstick manufacturer with over 40 years of operating history, selling the business to Arbor Investments with financial terms undisclosed.
- • The Advanced Cooling Technologies transaction reflects Blackstone's strategic focus on the thermal management and energy transition sector, leveraging the firm's capital and operational expertise to scale portfolio companies.
Summary
Blackstone Energy Transition Partners announced on March 11, 2026, an agreement to acquire a majority stake in Advanced Cooling Technologies, Inc., a thermal management and cooling solutions provider based in Lancaster, Pennsylvania. The transaction marks another significant investment by Blackstone's dedicated energy transition fund into industrial infrastructure and climate-related technologies.
Advanced Cooling Technologies specializes in thermal management solutions, a sector experiencing heightened demand as enterprises accelerate energy efficiency and decarbonization initiatives. Blackstone's stated objective for the investment centers on expanding ACT's manufacturing capacity to meet this accelerating market demand. The acquisition follows Blackstone Energy Transition Partners' earlier purchase of environmental services platform Alliance, signaling a deliberate strategy to build a portfolio of complementary businesses across the thermal management and environmental services landscape.
The transaction was advised by Houlihan Lokey and Reed Smith, indicating institutional-grade deal execution and legal oversight. Financial terms of the Advanced Cooling Technologies acquisition were not disclosed publicly.
In parallel, Entrepreneurial Equity Partners announced the sale of Furlani Foods to Arbor Investments. Furlani, established over 40 years ago, operates as a manufacturer of specialty breads including garlic breads and breadsticks. The sale represented an exit for E2P's portfolio investment in the food manufacturing sector, though financial terms remain undisclosed.
Advanced Cooling Technologies specializes in thermal management solutions, a sector experiencing heightened demand as enterprises accelerate energy efficiency and decarbonization initiatives. Blackstone's stated objective for the investment centers on expanding ACT's manufacturing capacity to meet this accelerating market demand. The acquisition follows Blackstone Energy Transition Partners' earlier purchase of environmental services platform Alliance, signaling a deliberate strategy to build a portfolio of complementary businesses across the thermal management and environmental services landscape.
The transaction was advised by Houlihan Lokey and Reed Smith, indicating institutional-grade deal execution and legal oversight. Financial terms of the Advanced Cooling Technologies acquisition were not disclosed publicly.
In parallel, Entrepreneurial Equity Partners announced the sale of Furlani Foods to Arbor Investments. Furlani, established over 40 years ago, operates as a manufacturer of specialty breads including garlic breads and breadsticks. The sale represented an exit for E2P's portfolio investment in the food manufacturing sector, though financial terms remain undisclosed.
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