Announced
Synopsis
Blackstone agreed to acquire a majority stake in Westwood Professional Services, an engineering and design firm focused on renewables, power, real estate and public infrastructure end markets, from Endurance Partners, a private equity firm. Financial terms were not disclosed. “We are excited about this new partnership with Blackstone as it positions the Company to continue expanding its capabilities in Westwood’s key end markets of renewable energy, power, land development, and public infrastructure, which are each poised to benefit from long-term growth tailwinds. We appreciate the support of Endurance Partners in helping scale Westwood into the business that it is today," Bryan Powell, Westwood CEO.
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