MacLean Power Systems (Blackstone, Centerbridge) /
Delta Star
MacLean Power Systems, backed by Blackstone and Centerbridge, agreed on Sep 1 to acquire Delta Star, the Lynchburg power transformer and mobile substation maker founded in 1908.
- Terms
- Undisclosed
- Stage
- Agreement signed
What happened
Terms were undisclosed. The sponsors are expected to put in more equity to fund it, with close aimed for Q4 2026.
Delta Star runs plants in Virginia, California, and Quebec with more than 1,400 people. MPS CEO Steve Scharnhorst is stacking Delta Star's transformers next to MPS's switch and line hardware after the Power Grid Components combo earlier this year.
Who bought Delta Star?
MacLean Power Systems (Blackstone, Centerbridge) agreed to acquire Delta Star (Agreement signed, posted 12 Sep 2026).
The source
MacLean Power Systems, backed by Blackstone and Centerbridge, agreed on Sep 1 to acquire Delta Star, the Lynchburg power transformer and mobile substation maker founded in 1908.
Original filingUnlock with ProTimeline
Dates marked ahead haven’t happened yet.
Agreement signed
Published by the source
Expected close
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Deal Web
Every firm and person on this deal, and how they connect. Open any name to see their other deals.
Agreement signed · MacLean Power Systems (Blackstone, Centerbridge) agreed to acquire Delta Star (Agreement signed, posted 12 Sep 2026).
Agreement signed 1 Sep 2026- Agreement signed
- Posted on @carrywatch
- Expected close
Deal Web as a list
- MacLean Power Systems (Buyer) agreed to acquire this deal. MacLean Power Systems: 1 deal on Carrywatch.
- Blackstone (Backer of the buyer) backed this deal. Blackstone: 8 deals on Carrywatch.
- Centerbridge (Backer of the buyer) backed this deal. Centerbridge: 1 deal on Carrywatch.
- Delta Star (Target) target this deal. Delta Star: 1 deal on Carrywatch.
- Steve Scharnhorst (CEO, MacLean Power Systems) named in post this deal. Steve Scharnhorst: named in 1 post on Carrywatch.
Steve Scharnhorst
CEO, MacLean Power Systems
By email · Weekly