Blackstone and Salas O’Brien entered a partnership in which Blackstone Tactical Opportunities and affiliated funds have made a strategic structured equity investment to help accelerate the company’s continued expansion within the fast-growing architectural, engineering and construction (AEC) market.
Salas O’Brien will continue to be majority owned by its team members, and Caltius Structured Capital will continue to own a minority equity position alongside Blackstone.
“We are thankful to Caltius Structured Capital and the State of Wisconsin Investment Board for their early belief in Salas O’Brien and their continued support and commitment to our organization” Darin Anderson, chairman and CEO of Salas O’Brien, said. “As more companies and institutions pursue their decarbonization, energy transition and critical infrastructure goals, Salas O’Brien’s expertise has never been more needed in the world. Blackstone’s investment helps us gain greater access to talent, enhances our technology resources and helps us better serve more clients. The fact that we can do all of this while retaining our employee ownership approach and in partnership with the incredible professionals at Blackstone and Caltius is an amazing validation of our team’s hard work—and positions us to get even better.”
“We are incredibly proud of the team at Salas O’Brien for their disciplined execution, engaging culture and resilient, differentiated, high-quality AEC solutions that have helped form one of the top AEC firms in the world,” Michael Kane, managing director at Caltius, said. “We are excited to continue to partner with the world-class team at Salas O’Brien as they accelerate their growth by leveraging Blackstone’s global scale, resources and operational expertise to better serve the company’s customers.”
