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According to terms of the joint venture, Blackstone will make an initial $5 billion equity commitment to bring 500 MW of capacity online in 2027, with plans to scale significantly over time.

HighGrove is an Atlanta-based commercial landscaping company.

As private equity firms hang on to assets longer, value creation has taken on more importance, and many firms have hired more operating partners.

In conjunction with this transaction, Geoffrey Pestes has been promoted to CEO following more than a decade leading operations at the company.

The Swedish firm’s recent acquisition of Tina Turner’s catalog and NIL rights aims to introduce the late superstar to new generations through IP development, live experiences and streaming.

The combined company will operate under the Tecomet name.

Barb Jacobsmeyer serves as president and CEO of Enhabit.