GCA Services Group and Blackstone BX 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.”
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