Blackstone (NYSE: BX) has announced that private equity funds affiliated with Blackstone have agreed to make a majority investment in Westwood Professional Services, Inc., a leading engineering and design firm focused on renewables, power, real estate, and public infrastructure end markets. Blackstone will acquire its position in Westwood from Endurance Partners, with Westwood’s management team and employee shareholders retaining a minority stake. With a team of more than 1,600 employees, Westwood provides front-end engineering design services supporting the development of renewable energy generation, investment in the power grid, and the continued buildout of public and private infrastructure across the United States.
Latham & Watkins LLP represented the private credit funds in a financing to support the transaction with a team led by partners Paul Bonewitz, Jesse Sheff, Stelios Saffos, Nicole Fanjul, Brianna Oller, and Pamela Kellet and counsel Kelly Egers, with associates Carlos Ibarguengoitia, Kate Bell, and Eric Raff.
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