Blackstone Energy Transition Partners Makes Majority Investment in Westwood Professional Services

August 7, 2024

Private equity funds affiliated with Blackstone (Blackstone Energy Transition Partners) have agreed to make a majority investment in Westwood Professional Services, Inc., acquiring the stake held by Endurance Partners and Palm Beach Capital while Westwood management and employee shareholders retain a minority interest. Westwood, a Plano, Texas–based engineering and design firm with more than 1,600 employees, serves renewables, power, real estate and public infrastructure end markets and will leverage Blackstone's resources to expand capabilities across those markets.

Buyers
Blackstone Energy Transition Partners (private equity funds affiliated with Blackstone)
Targets
Westwood Professional Services, Inc.
Sellers
Endurance Partners, Palm Beach Capital
Location
Texas, United States
Transaction Type
Buyout

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