TaskUs, Inc., a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced it has entered into a definitive agreement to become a privately held company.

Under the terms of the agreement, an affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir will acquire 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction. This represents a premium of approximately 26% to TaskUs’ 30-day volume-weighted average price (VWAP). Upon completion of the transaction, the Company’s Class A common stock will no longer be listed on any public market. Maddock and Weir will continue to serve in their roles as Chief Executive Officer and President, respectively.

“The era of AI is upon us, and we are focused on addressing the changes it requires of our business – while helping our clients navigate their own transformations,” Maddock said. “This strategic transaction will deliver immediate value to stockholders, while enabling TaskUs to make long-term investments to better support both our own business and our clients as we scale and adapt in the AI age.”

“Our continued commitment to TaskUs coupled with our deep expertise in technology services will equip the Company with more flexibility and resources to make the long-term investments in AI capabilities that will be needed to enhance the customer value proposition in the fast-changing environment brought upon by AI,” said Amit Dixit, Head of Asia Private Equity at Blackstone. “We look forward to continuing our partnership with Bryce, Jaspar and the TaskUs team to navigate through this next phase of the Company’s development.”

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