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.
The transaction, in context.
Terms were undisclosed. The sponsors are expected to put in more equity to fund it, with close aimed for Q4 2026. [01]
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. [01]
The people. The paper.
The stills posted with the deal, in post order. The @carrywatch post is the basis for this record.
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.
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Agreement signed, as posted
MacLean Power Systems (Blackstone, Centerbridge) agreed to acquire Delta Star (Agreement signed, posted 12 Sep 2026).
Source 01
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Delta Star
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Steve Scharnhorst
CEO, MacLean Power Systems