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[$$] Blackstone Nears Deal to Acquire Servpro

LP is nearing a deal to acquire cleaning- and emergency-restoration services provider Servpro Industries Inc. for more than $1 billion including debt, according to people familiar with the matter. The private-equity firm has emerged as the winner in an auction for Servpro run by investment bank Harris Williams & Co., the people said. Servpro, of Gallatin, Tenn., operates a network of more than 1,700 franchisees that specialize in fire, water, mold and other cleanup services for residential and commercial customers.