Done Deal: Blackstone’s buy of Ulterra passes FTC


On November 2, 2018 BEP Diamond Topco L.P. received a Hart Scott Rodino early termination notice from the FTC related to its planned acquisition of ASP Ulterra Holdings, Inc. from American Securities Partners VII, L.P. (FTC #20190135) Clearance came 10 days after the deal was announced.

For its part, American Securities announced the acquisition of Ulterra in July 2016, a hold period of nearly 28 months.