United States: Blackstone purchases majority stake in Winthrop Technologies

Apr 12, 2024 | Posted by Abdul-Rahman Oladimeji

US private equity firm Blackstone has bought a majority stake in data center engineering firm Winthrop Technologies. Financial details of this deal have not been shared. However, reports have it that Blackstone took a 50,5 percent stake, previously valued at over  €800 million. The remaining minority stake (49.3 percent) is divided between founder Barry English, group executive Anne Dooley, and managing director Bernard Keane.

“We are at an inflection point where we are seeing once-in-a-generation demand for data centers, and we believe Winthrop Technologies will be instrumental in powering this digital infrastructure revolution,” said Raphael de Botton, senior managing director at Blackstone.

Anne Dooley added: “The partnership with Blackstone marks a new era of growth for Winthrop Technologies. This is an investment in the company’s leadership, and our team at all levels, who have achieved our strong current market position and will continue to drive Winthrop Technologies into its next phase.”