Story perspectives

Dresser Utility Solutions Boosts Global Utility Efficiency, Cuts Emissions

7/8/2026

Summary

Dresser Supplies Infrastructure

Dresser Utility Solutions supplies safe, reliable infrastructure technologies to utilities worldwide.
Its portfolio includes gas metering technology, digital instrumentation and software, pressure and flow control solutions, and gas and water repair products.
The company’s offerings support the full utility infrastructure lifecycle from measurement and control to repair and maintenance.
Dresser emphasizes reducing emissions, product loss, and operational costs while enhancing performance.

Summary

Blackstone Acquires Dresser

Blackstone Energy Transition Partners' vintage fund made its first deployment by buying Dresser Utility Solutions.
The fund already secured a $150 million commitment from the Oregon Public Employees Retirement Fund and targets more than $5.6 billion.
D.A. Davidson and Jefferies advised Blackstone while Harris Williams and Simpson Thacher & Bartlett advised Dresser and the seller.
Dresser, employing 850 people, was bought by First Reserve from Baker Hughes in July 2018 and rebranded Dresser Utility Solutions in 2021.

History

Historical Context

The 1992 Energy Policy Act, signed by President George H. W. Bush on October 24, 1992, opened U.S. utility markets to competition, encouraging private-equity investment in infrastructure. Building on that deregulation, Blackstone secured a $150 million pledge from the Oregon Public Employees Retirement Fund for its Energy Transition Partners fund, which aims for a $5.6 billion portfolio targeting climate-focused utility upgrades.

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Dresser Supplies Infrastructure

Dresser Utility Solutions supplies safe, reliable infrastructure technologies to utilities worldwide.
Its portfolio includes gas metering technology, digital instrumentation and software, pressure and flow control solutions, and gas and water repair products.
The company’s offerings support the full utility infrastructure lifecycle from measurement and control to repair and maintenance.
Dresser emphasizes reducing emissions, product loss, and operational costs while enhancing performance.

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