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Our Initiative

Veterans embody many of the skills, talents and personal attributes we look for in employees. They have high integrity, are collaborative and hardworking, and they are able to adapt to dynamic situations.

Veterans are reliable, motivated and trustworthy employees – the type of people that will help Blackstone’s portfolio companies succeed and grow. We are proud to do our part to help the men and women who have served our country develop successful careers following their military service.

Veteran hires since 2013
With a new goal of
hires by 2022
"This initiative is thus a prime example of how the public and private sectors can partner together to support initiatives of critical national importance. And while we feel it is a duty to support American veterans, we also know that these motivated men and women will help make our portfolio companies stronger."

- Stephen A. Schwarzman
Chairman, CEO & Co-Founder
The Blackstone Veterans Initiative


The Blackstone Veterans Initiative is comprised of current and former portfolio companies that have committed to hiring veterans, active duty and veteran spouses, and caregivers of veterans. To support companies that join, the Initiative hosts an annual Summit, quarterly calls and working groups to focus on best practices in sourcing, hiring, training, integrating, and developing veterans. Companies and other strategic partners that have affirmed their commitment to the Veterans Initiative may remain involved even after Blackstone’s exit. There are also opportunities for former Blackstone portfolio companies, current service suppliers and strategic partners to coordinate efforts with the Blackstone Veterans Initiative.


When we launched the program in 2013 in partnership with the White House, we developed objectives from conversations with key stakeholders, including our portfolio company CEOs, CHROs, Veterans Initiative Champions, as well as members of the Department of Veterans Affairs, the Department of Labor and the Department of Defense. We also incorporated input from strategic vendor partners, existing veteran hiring coalitions and Blackstone personnel. Together we determined that Blackstone's Veterans Initiative will leverage Blackstone’s network to meet the following objectives:

  • Strengthen company hiring capabilities
  • Forge strategic hiring and networking partnerships
  • Create and disseminate best practices across the network


Apria Healthcare is committed to providing outstanding care and exceptional service. Through their trained professionals and clinicians, Apria offers a wide range of clinical services and equipment. 


Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers a broad portfolio of all-season products, while remaining true to its core molded footwear heritage. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs celebrates the fun of being a little different and encourages fans to “Find Your Fun” in every colorful pair of shoes. Since its inception in 2002, Crocs has sold more than 300 million pairs of shoes in more than 90 countries around the world. 

Change Healthcare

In December 2011, private equity funds managed by Blackstone acquired Change Healthcare, a leading provider of revenue and payment cycle management solutions connecting payers, providers, pharmacies, and patients. Change Healthcare’s Intelligent Healthcare Network processes 7.4 billion claims transactions annually, worth $1 trillion in claims value.


May 2012

 We recognized an opportunity in Motel 6 to transform an undermanaged company by implementing through a system-wide renovation and franchise growth program.   The company has benefited from our successful track record in the branded, limited service / economy hotel segment, achieving 50% EBITDA growth since we acquired Motel 6 in 2012. Today Motel 6 is the largest owner/operator in the U.S. economy lodging segment with more than 1,100 motels nationwide.


July 2007

With Hilton, Blackstone’s largest-ever investment, we chose a great business and put in place an outstanding management team, focused on accelerating the company’s global growth. Seven years after our initial investment, we brought Hilton back to the public market, with 44% more hotels than when we acquired it. Current value equates to a total gain of more than $14 billion, one of the best returns in private equity history.


Kronos helps organizations across a variety of industries manage their most valuable, and expensive, strategic asset - their workforce. 

Lendmark Financial Services

Lendmark Financial Services is a consumer finance company specializing in providing a variety of personal loans, automobile loans, and retail merchant sales finance services.


April 2014

In April 2014, Blackstone Capital Partners VI acquired Accuvant, which, in January 2015, merged with FishNet Security to form Optiv, the leading provider of IT security technology and consulting services in the U.S.

Performance Food Group (PFG)

As the parent company to a leading family of foodservice distributors, Performance Food Group delivers food and food-related products to more than 130,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions across the United States through its four business divisions.

Service King

August 2014

In August 2014, Blackstone Capital Partners VI invested in Service King, one of the largest and fastest growing collision repair networks in the U.S.


SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector.

The Cosmopolitan of Las Vegas

December 2014

The Cosmopolitan of Las Vegas is an iconic, luxury resort hotel and casino located in the heart of the Las Vegas Strip. Since acquiring the property at a 60% discount to its construction cost in 2014, we have been focused on driving operating performance. We are converting underutilized space into new rooms and retail, introducing fresh restaurant concepts, and upgrading the high-end gaming experience. Our “fix it” plan is working as the resort was recently named to the Conde Nast Traveller Gold List as one of the “Top Hotels in the World”.

Utility One Source

June 2017

Utility One Source (UOS) is comprised of eight industry-leading equipment providers; seven family-operated businesses (Custom Truck & Equipment, Utility Fleet Sales, Forestry Equipment of Virginia, UCO Equipment, TNT Equipment, North American Equipment Upfitters and now Equipment Repair Solutions), and Load King, the known manufacturer of highly proficient and customizable trailers.

Fairway Markets

June 2017

Fairway Market is a growth-oriented food retailer offering customers a differentiated one-stop shopping experience “Like No Other Market”. Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries.


June 2017

Alight is the leading provider of benefits administration and cloud-based HR and financial solutions, with 22,000 employees across 14 global centers.


 Acushnet Company is steadfastly focused on one mission and purpose: to steward and perpetuate two of the game's most revered and iconic golf brands, Titleist and Footjoy.

Allied Barton

AlliedBarton Security Services is the largest American-owned security officer services company. Established in 1957, AlliedBarton is a trusted leader with proven expertise in a number of markets.


As a world-class pharmaceuticals-solutions company globally known for its innovation, expertise, and reliability, Catalent maximizes superior talent and unique technologies to solve their customers’ biggest challenges.


DJO Global, Inc. is a leading global provider of high-quality orthopedic devices, with a broad range of products used for rehabilitation, pain management and physical therapy. They also develop, manufacture and distribute a broad range of surgical reconstructive implant products. 


While other auto finance companies move toward impersonal lending practices, Exeter Finance concentrates on building lasting relationships and leveraging decades of experience to deliver real value for car owners, dealers and investors.

GCA Services Group

GCA Services Group, Inc. is a leading national provider of quality facility services, including janitorial and custodial services, contamination control for cleanroom manufacturing, facilities operations and maintenance, grounds management, in-sourced production staffing and labor management, diversified staffing, and more.

Invitation Homes 

December 2014

Invitation Homes is the nation’s premier provider of single family home leasing.  We own, lease and manage nearly 50,000 homes in 13 markets across the country.  Some 120,000 individuals and families call our houses home.  We are looking for strong leaders, innovative thinkers, and high achievers.  Veterans have proven to have exactly those qualities.  Our initiative, Permanent Change of Station (PCS): Invitation Homes, goes beyond simply hiring veterans — we are committed to helping veterans develop challenging and rewarding careers. 

La Quinta

La Quinta Inn is a chain of limited service hotels in the United States, Canada and Mexico. LQ Management LLC, the owner, has its headquarters in the Las Colinas area of Irving, Texas, near Dallas.


Michaels Stores is the largest specialty retailer of arts, crafts, framing, floral, wall decor, scrapbooking and much more. Michaels – Where Creativity Happens!


March 2014

In March 2014, Blackstone Capital Partners VI acquired Pactera Technology International which is the leading IT outsourcing and consulting service provider in China.


RGIS is the market leader in supply chain, inventory, insights, merchandising and optimization solutions.
RGIS services include but are not limited to: inventories, supply chains, compliance audits, store mapping, merchandising, resets and remodels, staffing solutions and optimization.

Summit Materials

Summit Materials was formed to acquire and grow heavy-side building materials companies in the aggregates, ready-mix concrete, cement, asphalt paving and construction industries. 

Extended Stay America

June 2017

Extended Stay America, Inc. (“ESA”) is the largest integrated hotel owner/operator in North America

Vivint Solar

June 2017

Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers.


June 2017

Gates is the world’s leading manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Our highly engineered products are critical components used in diverse industrial and automotive applications where the cost of failure is very high relative to the cost of our products.

Tradesman International

June 2017

Tradesmen is the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, offering the best, safety-minded skilled craftsmen across a national office network.


June 2017

Ipreo powers the networks that connect capital to ideas. We are a leading global provider of financial services technology, data and analytics, supporting all participants in the capital-raising process, including banks, public and private companies, institutional and individual investors, as well as research, asset management and wealth management firms.