Blackstone acquired minority stake in GI Partners.

Blackstone has acquired a minority stake in GI Partners. Financial terms were not disclosed. The investment provides GI Partners with balance sheet capital to reinvest in the business and engage in strategic initiatives. “This investment is a testament to the strength of the people and processes which have driven our success over the last two decades. We look forward to leveraging the partnership with Blackstone as we continue to grow and diversify the business for the benefit of our investors.” Rick Magnuson, GI Partners Founder, and Executive Managing Director.