Blackstone Leads $400M Private Credit Deal for HVAC Firm Acquisition

Blackstone Inc. has led a private credit arrangement worth approximately $400 million to support Harvest Partners LP's acquisition of Integra Testing Services, according to sources familiar with the matter. The financing was used to purchase the HVAC testing services provider. The deal underscores Blackstone's continued activity in the private credit market, as the firm frequently participates in large-scale lending transactions, highlighting how alternative asset managers are expanding financing channels beyond traditional banking. Harvest Partners aims to strengthen its presence in the HVAC sector through the acquisition of Integra, a company known for providing testing and inspection services for commercial and residential HVAC systems across the United States. This transaction signals the growth of the private credit market, with financing led by giants like Blackstone increasing the importance of alternative debt instruments in corporate acquisitions. This is not investment advice.