The transaction is expected to close in the first quarter.Robert W. Baird & Co and Rothschild are acting as financial advisors to Tradesmen with respect to the transaction, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as Tradesmen's legal counsel. Deutsche Bank is acting as financial advisor to Blackstone with respect to the transaction, and Simpson Thacher & Bartlett LLP is acting as Blackstone's legal counsel. About Tradesmen Tradesmen is the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, offering the best, safety-minded skilled craftsmen across a national office network. Across Tradesmen's national office network, industry recruitment experts with multiple years of construction experience identify and screen top craftsmen who are reliable, verifiably skilled and safety-minded. Each is thoroughly vetted and provided with safety training upon hire. For more information, please visit www.tradesmeninternational.com. About Blackstone Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $360 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. About Wellspring Capital Management Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. The firm's objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. For additional information, please visit www.wellspringcapital.com.