Blackstone Announces Minority Growth Investment in Salas O’Brien
Summary
NEW YORK & IRVINE, Calif., January 22, 2024--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Salas OBrien (the "Company"), a leading employee-owned engineering and technical services firm, announced today a partnership where funds managed by Blackstone have made a strategic minority growth investment to help accelerate the Companys continued expansion within the fast-growing architectural, engineering, and construction (AEC) market. "As more companies and institutions pursue their decarbonization, energy transition, and critical infrastructure goals, Salas OBriens expertise has never been more needed in the world. The fact that we can do all of this while retaining our employee ownership approach and in partnership with the incredible professionals at Blackstone is an amazing validation of our teams hard workand positions us to get even better. The current market environment has clearly demonstrated the critical need for resilient, differentiated, high-quality AEC solutions, and we look forward to helping accelerate the growth of this exceptional leader in this sector. Follow @blackstone on LinkedIn, Twitter, and Instagram.Founded in 1975, Salas OBrien is an employee-owned engineering and technical services firm focused on advancing the human experience through the built environment.