TA Associates to acquire majority interest in Green Street

TA Associates has signed a definitive agreement to make a significant growth investment in Green Street.

Green Street’s current majority owner is Welsh, Carson, Anderson & Stowe, a leading private equity firm focused exclusively on the technology and healthcare industries that will retain a minority position in the business.

“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,” said Jeffry Stuek, Jr., Green Street CEO.

The transaction is expected to close in fourth quarter 2022 pending customary regulatory approval. Financial terms of the transaction were not disclosed.