TowerBrook Capital Partners Makes Minority Investment in Langan Engineering & Environmental Services
October 26, 2023
Investment funds managed by TowerBrook Capital Partners have entered into a definitive agreement to take a minority stake in Langan Engineering & Environmental Services. Langan's management and employee shareholders will retain majority ownership; the financing package includes support from Blackstone Credit, CPPIB Credit Investments III and SMBC, and the deal is expected to close in Q1 2024.
- Buyers
- TowerBrook Capital Partners
- Targets
- Langan Engineering & Environmental Services
- Sellers
- Langan management and employee shareholders
- Industry
- Engineering Services
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
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