Deal radar ·
Bluestone takes majority stake in founder-led 11th St. Workshop
Event design and fabrication
Bluestone Equity Partners has bought a majority stake in 11th St. Workshop, a New York and Los Angeles event design and fabrication firm that founder Louis Asaro started in 2004.
News: A founder takes first institutional money and keeps a meaningful stake and the CEO role.
Why it matters: Bluestone plans a national expansion in a market it calls fragmented, plus more work in sports and live entertainment.
Radar: Watch for add-ons or new sites as 11th Street expands. Deal value was not disclosed.
People involved
- Louis Asaro – Owner.
- Bobby Sharma – Buyer.
A name here does not mean that person signed the purchase agreement.
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