Blackstone to Acquire GCA Services Group

GCA Services Group and Blackstone

today announced a definitive agreement under which a fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, L.P. (collectively with its affiliates, “Blackstone”), will acquire GCA Services Group, a leading facility services company in the U.S., from Nautic Partners, L.L.C. and other minority shareholders. Robert Norton, Chairman, President and CEO of GCA Services Group said, “This transaction is a tremendous opportunity to fuel our continued growth. We have transformed ourselves into one of the country's leading facility services companies in a few short years and our new relationship with Blackstone demonstrates our management-led commitment to continued dynamic growth which will energize our investment in our people and our dedication to the highest quality service to our customers.”