March 10, 2026
Blackstone and Blue Owl announced today that funds managed by Blackstone GP Stakes and Blue Owl GP Strategic Capital have made a strategic minority investment in Atlas Holdings.
Founded in 2002 and headquartered in Greenwich, Connecticut, Atlas and its affiliates own and operate a diversified group of 30 industrial, manufacturing and distribution businesses. The firm focuses on complex situations where deep operational expertise, hands‑on engagement and long‑term commitment are essential. These capabilities have been a defining feature of Atlas’ strategy for more than two decades.
“We are proud to partner with Atlas, which has built a highly differentiated investment platform grounded in a true owner operator model,” said Michael Rees, Co-President of Blue Owl Capital Inc. and Head of the GP Strategic Capital platform. “The Atlas team’s ability to work closely and collaboratively with management teams has proven critical to their success in strengthening complex, essential businesses, and we look forward to supporting Atlas in this next phase of growth.”
“Over the past decade we’ve built a close partnership with the Atlas team. They are an outstanding organization defined by a culture of excellence and proven track record,” said Josh Blaine, Head of Blackstone GP Stakes. “Atlas’s ability to transform complex industrial businesses into more resilient, higher-performing enterprises aligns with the differentiated, durable playbook we seek in a partner. We look forward to deepening our relationship and sharing Blackstone’s resources to support the firm and its portfolio companies,” added Ward Young, Chief Investment Officer of Blackstone GP Stakes.
“Blackstone and Blue Owl are widely regarded as the most respected investors in GP stakes globally, and we believe the investment by these two institutions speaks strongly to the quality and reputation of the Atlas enterprise,” said Andrew Bursky, Co‑Founder and Managing Partner of Atlas Holdings. “The transaction further strengthens our ability to attract and retain top talent, and Blackstone and Blue Owl will provide meaningful strategic support to Atlas and our portfolio companies through their scaled GP support platforms, allowing us to selectively leverage the broader capabilities of their respective organizations.”
“The shared commitment of Blackstone and Blue Owl is a testament to the strength of our team and the durability of what we have built over the past 25 years. While we are energized by the opportunities ahead created through this partnership, Atlas will continue to invest and operate exactly as we have since inception – with discipline, alignment and a long-term perspective at the core of everything we do,” said Tim Fazio, Co‑Founder and Managing Partner of Atlas Holdings.
Evercore served as financial advisor, and Kirkland & Ellis LLP and Proskauer Rose LLP served as legal counsel to Atlas. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Blue Owl. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Blackstone.
About Atlas Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 30 companies which employ more than 75,000 associates across 1,200 facilities worldwide. Atlas operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate $26 billion in revenues annually. For more information, please visit atlasholdingsllc.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
About Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $307 billion in assets under management as of December 31, 2025, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Together with approximately 1,365 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com or LinkedIn: www.linkedin.com/company/blue-owl-capital
Contacts
Atlas Holdings
Kate Sylvester
[email protected]
Blackstone
Paula Chirhart
[email protected]
347-463-5453
Blue Owl Capital
[email protected]