Blackstone and Blue Owl announced that funds managed by Blackstone GP Stakes and Blue Owl GP Strategic Capital have made a strategic minority investment in Atlas Holdings, a private equity firm focused on industrial and operationally intensive businesses. Financial terms of the transaction were not disclosed.
Founded in 2002 and headquartered in Greenwich, Connecticut, Atlas Holdings and its affiliates own and operate a diversified portfolio of 30 industrial, manufacturing, and distribution companies. The firm specializes in complex situations that require deep operational expertise, hands-on engagement, and long-term investment horizons.
The investment reflects a partnership between the two alternative asset managers and Atlas as the firm continues expanding its platform. Atlas’s strategy has focused on acquiring and improving businesses in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management, and wood products.
Atlas’s operating companies collectively employ more than 75,000 associates across approximately 1,200 facilities worldwide and generate about $26 billion in annual revenues.
Support: Advisors involved in the transaction included Evercore as financial advisor to Atlas. Legal counsel to Atlas was provided by Kirkland & Ellis and Proskauer Rose. Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Blue Owl, and Paul, Weiss, Rifkind, Wharton & Garrison served as legal counsel to Blackstone.
KEY QUOTES:
“We are proud to partner with Atlas, which has built a highly differentiated investment platform grounded in a true owner operator model. The Atlas team’s ability to work closely and collaboratively with management teams has proven critical to their success in strengthening complex, essential businesses, and we look forward to supporting Atlas in this next phase of growth.”
Michael Rees, Co-President Of Blue Owl Capital Inc. And Head Of The GP Strategic Capital Platform
“Over the past decade we’ve built a close partnership with the Atlas team. They are an outstanding organization defined by a culture of excellence and proven track record. Atlas’s ability to transform complex industrial businesses into more resilient, higher-performing enterprises aligns with the differentiated, durable playbook we seek in a partner. We look forward to deepening our relationship and sharing Blackstone’s resources to support the firm and its portfolio companies.”
Josh Blaine, Head Of Blackstone GP Stakes; Ward Young, Chief Investment Officer Of Blackstone GP Stakes
“Blackstone and Blue Owl are widely regarded as the most respected investors in GP stakes globally, and we believe the investment by these two institutions speaks strongly to the quality and reputation of the Atlas enterprise. The transaction further strengthens our ability to attract and retain top talent, and Blackstone and Blue Owl will provide meaningful strategic support to Atlas and our portfolio companies through their scaled GP support platforms, allowing us to selectively leverage the broader capabilities of their respective organizations.”
Andrew Bursky, Co-Founder And Managing Partner Of Atlas Holdings
“The shared commitment of Blackstone and Blue Owl is a testament to the strength of our team and the durability of what we have built over the past 25 years. While we are energized by the opportunities ahead created through this partnership, Atlas will continue to invest and operate exactly as we have since inception – with discipline, alignment and a long-term perspective at the core of everything we do.”
Tim Fazio, Co-Founder And Managing Partner Of Atlas Holdings
