Blackstone, a leading investment firm, has recently made a strategic minority growth investment in Salas O’Brien, an employee-owned engineering and technical services company based in Irvine. This partnership will support Salas O’Brien’s expansion within the rapidly growing AEC market. While majority ownership of the company will remain with its team members.
According to Darin Anderson, chairman and CEO of Salas O’Brien,”We are excited to partner with Blackstone as we continue our journey of growth.” He further added that their expertise is highly sought after by companies and institutions pursuing decarbonization, energy transition,and critical infrastructure goals. The investment from Blackstone will provide access to top talent, enhance technology resources and enable them to better serve clients.
The terms of this transaction have not been disclosed. Guggenheim Securities acted as exclusive financial advisor while Latham & Watkins provided legal counsel for Salas O’Brien.Chartswell Financial Advisory served as financial advisor while Kirkland & Ellis LLP was the legal advisor for Blackstone.
