Funds managed by Blackstone have made a minority growth investment in Salas O’Brien, an employee-owned engineering and technical services firm, aimed at accelerating the company’s expansion in the architectural, engineering, and construction market.
Salas O’Brien will continue to be majority owned by its team members.
Terms of the transaction, which see Salas O’Brien’s members remain as majority owners of the business, have not been disclosed.
Guggenheim Securities served as financial advisor and Latham & Watkins served as legal counsel to Salas O’Brien. Chartwell Financial Advisory served as financial advisor and Kirkland & Ellis served as legal advisor to Blackstone.
