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TA Associates Acquires Majority Stake in Green Street
Private equity firm TA Associates will take a majority interest in Green Street, the Newport Beach, CA-based real estate analytics and advisory firm said Tuesday. Deal terms weren’t disclosed. Green Street’s current majority owner, Welsh, Carson, Anderson & Stowe, will retain a minority position in the business.
“For more than three decades, Green Street has followed a consistent growth trajectory, driven by the company’s distinguished products, talented team and commitment to customer success,” said Todd Crockett, a managing director at Boston-based TA. “Building on this strong foundation, we believe there is a sizable opportunity for continued organic and inorganic growth.”
Green Street CEO Jeffry Stuek, Jr. said, “TA’s partnership will strengthen our position to rapidly grow the business. Our plans for continued product innovation and investment in our talent will further enhance our strategy of providing the most robust commercial real estate intelligence that drives informed decision-making to maximize returns.” Stuek and Green Street’s senior management team will continue in their current roles.
The transaction is expected to close in the fourth quarter, pending regulatory approval.
Pictured: Green Street headquarters in Newport Beach.
- ◦Sale/Acquisition
