Goldner Hawn Completes the Sale of Trystar

Goldner Hawn LP (“Goldner Hawn”) announced the sale of Trystar, LLC (“Trystar” or the “Company”), to private equity funds affiliated with Blackstone (“Blackstone”). Goldner Hawn and other shareholders have made investments alongside Blackstone in the transaction. The terms of the transaction were not disclosed.

Trystar is a leading provider of electrical power solutions for the commercial, industrial, and utility markets. Established in 1991, Trystar is headquartered in Faribault, Minnesota with additional manufacturing and offices located throughout the United States and Canada. Trystar’s diverse portfolio of offerings includes a wide range of safe, reliable, permanent, and portable power solutions that serve diverse industry sectors including healthcare, data centers, utilities, entertainment, education, government, and commercial buildings.

“I am proud of the success Trystar has had during its partnership with Goldner Hawn, which stems from our shared commitment to providing our customers with market-leading technologies and service,” said Trystar’s CEO, AJ Smith. “We are tremendously excited about partnering with Blackstone along with Goldner Hawn’s continuing support. Together, we can continue building a leading platform serving the distributed power generation market and lead the charge in facilitating the energy transition.”

Andrew Tomashek, Goldner Hawn Partner, added, “Trystar’s team has done an excellent job of executing on transformative growth and innovation. We are excited to support the Company’s next growth phase.”

Houlihan Lokey served as financial advisor and Faegre Drinker Biddle & Reath LLP served as legal counsel to Trystar. Kirland & Ellis LLP served as legal counsel to the buyer.

About Goldner Hawn
Goldner Hawn was founded in 1989 in Minneapolis, Minnesota and has been a source of private capital to leading lower middle market companies for over 30 years. With an investment philosophy centered on the principle of partnership, Goldner Hawn seeks to back management teams of businesses with $5 million to $20 million of EBITDA in industries including specialty manufacturing, value-added distribution, and business and consumer services. Goldner Hawn has made over 100 platform and add-on investments in companies with total transaction values exceeding $4 billion. For more information, call 612-338-5912 or visit goldnerhawn.com.