近距离内射合集

In December of 2020 Blackstone purchased Yearout Mechanical. Yearout was a 57-year-old company owned and operated by the Yearout family for three generations.

Selling a family business is never easy, and it certainly wasn鈥檛 a decision we took lightly. From our very first conversation, Blackstone approached the process with respect, transparency and professionalism. Those qualities ultimately gave us confidence that the company we built would continue to grow and thrive.

Since the sale, my family has stepped away from managing Yearout Mechanical. The company is now led by the same internal management team that helped build its reputation long before the acquisition. That continuity has mattered. With Blackstone鈥檚 backing, those leaders have been able to do what we simply could not have done as a local, family-owned company.

The acquisition provided an opportunity for the managers and the employees of Yearout to grow and expand outside of the market they traditionally serve. Today, those same managers lead a company which has grown approximately 3x in revenue and 2x to 3x in employment.

The opportunities and projects being pursued by Yearout are in areas and of the scale that would not have been available to Yearout before the acquisition, providing incredible growth opportunities for the company and the individuals who work there.

Several employees have moved up to be managers in the larger company. Being part of a larger organization, with international reach and exposure, simply provides more opportunities than being a local, or regional, operator. The work Yearout is now doing is for multinational companies that just would not be accessible if not part of a larger, more diverse organization.

I have witnessed the same growth in multiple other mechanical contractor companies that Blackstone has purchased over the last six years.

I want to be clear 鈥� I do not stand to benefit directly from Blackstone Infrastructure鈥檚 proposed purchase of TXNM Energy, the parent company of Public Service Company of New Mexico. But as someone who does business in New Mexico, and who cares deeply about the economic future of our state, it is hard for me to imagine that this transaction would not be a net positive.

I can鈥檛 believe that the oversight and leadership of a company like Blackstone would not result in a more future-focused utility, driving a more robust infrastructure, providing long-term benefits for the residents and businesses in Albuquerque and New Mexico. The energy and thoughtful approach to business and growth will, no doubt in my mind, provide a positive boost to economic development and growth opportunities resulting in a positive return to all New Mexico residents and businesses.

Too many times, I have watched New Mexico squander an opportunity for true, positive change; real change, that could provide a lasting benefit to all residents and businesses. I hope this time is different, I hope that the Public Regulation Commission will recognize the benefit and opportunity in front of the state and will support the purchase of PNM by Blackstone.

As someone with personal experience with Blackstone, I can confidently say that I don鈥檛 see a negative aspect of the sale. I have seen Blackstone operate with vision, clarity, planning, follow-through, integrity and transparency; I have benefitted from it and hope all our residents can as well.

Kevin Yearout is the former owner of Yearout Mechanical.