NEW BRAUNFELS, Texas–(BUSINESS WIRE)–TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience solutions, has announced it will become a privately held company. An affiliate of Blackstone, along with TaskUs co-founders Bryce Maddock and Jaspar Weir, will acquire all outstanding shares of Class A common stock not already owned by them for $16.50 per share in an all-cash transaction. This price reflects a 26% premium over TaskUs’ 30-day volume-weighted average price (VWAP). Upon completion, TaskUs’ Class A common stock will be delisted from public markets. Maddock and Weir will remain in their roles as CEO and President, respectively.
The TaskUs Board of Directors unanimously approved the transaction based on recommendations from an independent special committee. The committee, formed on March 20, 2025, ensured the deal was in the best interest of the company and its public shareholders.
Maddock emphasized the importance of adapting to the AI era, stating that this transaction will allow TaskUs to make long-term investments to support both its business and clients as they navigate changes brought by AI. Amit Dixit, Head of Asia Private Equity at Blackstone, expressed confidence in the partnership with Maddock, Weir, and the TaskUs team, highlighting the flexibility and resources this deal will provide for future AI investments.
The transaction is expected to close in the second half of 2025, contingent upon customary closing conditions and approvals, including regulatory and stockholder consents.
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