Blackstone and Halliburton agreed to invest $1 billion in VoltaGrid, a Houston company that provides power generation, portable power, CNG fuel supply, infrastructure and energy management services. VoltaGrid also is acquiring Propell Energy Technology, a Granbury manufacturer of oilfield and well-servicing equipment.
Kirkland & Ellis and Sidley Austin are advising VoltaGrid, while Simpson Thacher is advising Blackstone.