Blackstone and the co-founders of TaskUs have agreed to acquire the Nasdaq-listed customer experience and digital services firm in an all-cash take-private deal valuing shares at $16.50 – representing a 26% premium to the company’s 30-day volume-weighted average price.

The transaction, backed by a special committee of independent directors and unanimously approved by the TaskUs board, will see Bryce Maddock and Jaspar Weir retain leadership as CEO and President, respectively. Blackstone, which has been a long-time partner in TaskUs, is committing additional capital to support the company’s next phase of development.

“The era of AI is upon us, and this strategic transaction will enable TaskUs to scale and adapt for long-term success in the age of automation,” said Maddock. The company plans to accelerate investments in artificial intelligence and technology infrastructure to better serve clients across high-growth sectors such as e-commerce, fintech, streaming, and social media.

Amit Dixit, Head of Asia Private Equity at Blackstone, added: “Our continued partnership with TaskUs reflects our conviction in its platform and potential. This transaction gives the company greater flexibility to invest in the AI capabilities needed to enhance its value proposition.”

The deal is expected to close in the second half of 2025, subject to regulatory clearances and the approval of TaskUs shareholders not affiliated with the buyer group.

Evercore served as financial advisor to the TaskUs special committee, with Cravath, Swaine & Moore LLP acting as legal counsel. BofA Securities and Simpson Thacher & Bartlett advised the buyer group, while Latham & Watkins represented the co-founders.