Blackstone buys environmental services platform ATG from Morgan Stanley

Core Insights - Blackstone's energy transition arm has acquired Alliance Technical Group (ATG) from Morgan Stanley Capital Partners, enhancing ATG's capabilities in environmental testing and compliance services [4][5] - ATG, founded in 2000, operates over 60 offices in the U.S. and Canada, providing solutions for emissions reduction, waste abatement, and environmental consulting across various industries [3][5] - Morgan Stanley's investment in ATG has significantly scaled the company, positioning it as a leader in emissions testing and monitoring [4][5] Company Overview - ATG provides a range of services including compliance, auditing, reporting guidance, and on-site testing and emissions monitoring to help companies meet sustainability goals [5] - The company serves clients in diverse sectors such as building and construction, energy and power, food and consumer goods, oil and gas, and data centers [3] Investment and Growth - Morgan Stanley's private equity division acquired a controlling interest in ATG in 2021, which has facilitated substantial growth for the company [4] - Blackstone's acquisition aligns with its strategy of investing in energy transition-focused companies, leveraging its scale and resources to support ATG's growth in the power, energy, and industrial sectors [4][5]