Blackstone Energy Transition Partners Acquires Alliance Technical Group
Blackstone Energy Transition Partners, the energy transition arm of Blackstone, has recently acquired Alliance Technical Group, an environmental testing and compliance services provider, from Morgan Stanley. The acquisition was announced on Tuesday, and neither Blackstone nor Morgan Stanley disclosed the financial terms of the transaction. The sale was facilitated through Morgan Stanley Capital Partners, the bank’s North America-focused middle-market private-equity group operating under its alternative investment arm.
About Alliance Technical Group
Alliance Technical Group, founded in 2000, has over 60 offices across the U.S. and Canada. Based in Decatur, Alabama, the company offers a wide range of environmental services, including emissions reduction and waste abatement. ATG serves clients across various industries such as building and construction, energy and power, food and consumer goods, oil and gas, and data centers.
In 2021, Morgan Stanley’s private-equity division acquired a controlling interest in ATG, leading to significant growth and scalability for the company. With the support of Morgan Stanley Capital Partners, ATG has expanded its capabilities, enhanced technical depth, and established itself as a trusted partner for customers navigating complex environmental standards.
Blackstone’s Strategic Acquisition
Blackstone’s acquisition of ATG aligns with its focus on energy transition investments. ATG is recognized as a market leader in emissions testing and monitoring, making it a valuable addition to Blackstone’s portfolio. The private-equity firm plans to leverage its scale and resources to support ATG’s continued growth and serve both existing and new customers in the power, energy, and industrial sectors.
Blackstone Energy Transition Partners has been actively pursuing energy transition-focused transactions, including partnerships with companies like Maclean Power Systems, Hill Top Energy Center, Enverus, and Westwood Professional Services. These collaborations reflect Blackstone’s commitment to sustainable energy solutions and environmental stewardship.
Conclusion
The acquisition of Alliance Technical Group by Blackstone Energy Transition Partners marks a significant milestone in the energy transition landscape. With ATG’s expertise in environmental testing and compliance services, combined with Blackstone’s resources and strategic vision, the partnership is poised to drive innovation and sustainability in the power, energy, and industrial sectors.
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