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
- Industry
- Engineering Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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