Atlas Holdings Sells Minority Stakes to Blackstone, Blue Owl GP Platforms

Atlas Holdings has secured a minority investment from funds managed by Blackstone and Blue Owl Capital, expanding the firm’s strategic investor base through their respective GP stakes platforms. Financial terms of the transaction were not disclosed. 

The investment comes less than a year after Atlas closed its Atlas Capital Resources V fund at $6.45 billion. Founded in 2002 by Andrew Bursky and Tim Fazio, the Greenwich, Connecticut-based firm focuses on industrial businesses across sectors including automotive supply, building materials, food manufacturing and distribution, metals processing, packaging, paper, power generation and wood products. 

Bursky said the partnership with the two firms reflects confidence in Atlas’ long-term strategy and operational approach. 

He noted that Blackstone and Blue Owl are widely recognized as leading investors in GP stakes globally, adding that their investment highlights the strength of Atlas’ platform. Bursky also said the firms are expected to support Atlas portfolio companies through their respective GP services capabilities. 

Blackstone GP Stakes launched in 2014 and has previously invested in firms including American Industrial Partners, FTV Capital and GTCR. 

Blue Owl Capital expanded its GP stakes business through the 2020 acquisition of Dyal Capital and further scaled the strategy in 2024 through a joint venture with Abu Dhabi-based Lunate. 

Evercore advised Atlas on the transaction. Legal counsel included Kirkland & Ellis, Proskauer Rose, Fried Frank Harris Shriver & Jacobson and Paul Weiss Rifkind Wharton & Garrison.