Chartwell is pleased to announce Blackstone has successfully completed a minority equity investment in Salas O’Brien, a leading employee-owned engineering and technical services firm.


Chartwell Advises Salas O’Brien on Recapitalization Transaction

November 2020

Chartwell is pleased to announce the successful completion of a recapitalization transaction that funds the future growth of Salas O’Brien through national expansion via strategic mergers and organic growth initiatives. Chartwell acted as the exclusive financial advisor to Salas O’Brien throughout the transaction, providing comprehensive, unbiased counsel to the board of directors and management. Supporting the transaction and providing bank and non-bank capital to achieve Salas O’Brien’s goals were Umpqua Bank and Caltius Structured Capital.

Salas O’Brien is a leading engineering, facility planning, and commissioning firm addressing highly technical building and facility challenges. Founded in 1975, the firm provides mechanical, electrical, and structural engineering and related consulting to clients in a variety of industries. Salas O’Brien has been named an Inc. 5000 fastest growing company for eight consecutive years due to its consistent focus on high quality, long-term relationships.

“Salas O’Brien selected Chartwell as our financial advisor based on their reputation in capital markets and vast industry knowledge in engineering and consulting services. They were attentive to our needs and provided leadership with important, unbiased, and in-depth analyses at every step of this highly complex, multi-faceted transaction. We are simply delighted by the outcome and we highly appreciate our relationship with Chartwell.”

— Darin Anderson, CEO, Salas O’Brien

Chartwell Contact

For additional information on this transaction, please contact Greg Fresh.

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