11:06 AM EDT, 08/07/2024 (MT Newswires) -- Blackstone (BX) said Wednesday its energy-focused private equity business agreed to acquire a majority stake in engineering and consulting firm Westwood Professional Services.

Blackstone Energy Transition Partners is buying its stake in Westwood from Endurance Partners.

Westwood's management team and employee shareholders will keep a minority position in the firm focused on renewables, power grid, real estate and public infrastructure end markets in the US, Blackstone said.

Terms of the transaction weren't provided.

Blackstone shares were 1.3% higher in recent Wednesday trading.

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