Bluestone Equity Partners completes first buyout with 11th St. Workshop deal
Private equity firm Bluestone Equity Partners has completed its first buyout by acquiring a majority stake in events design company 11th St. Workshop. The transaction values the designer and fabricator of sets for live events and retail spaces at about $90 million on an enterprise basis, according to people familiar with the matter.
Highlights
- Bluestone Equity Partners completed its first buyout by acquiring a majority stake in 11th St. Workshop, valued at about $90 million.
- The acquisition marks Bluestone's entry into the live events design and fabrication market, targeting high-profile events like the Grammy Awards and Super Bowl.
- Backing from Bluestone may accelerate 11th St. Workshop’s growth and reflects sustained investor interest in specialized experiential marketing and entertainment services.
First platform acquisition in live events design
As first reported by Bloomberg, Bluestone has closed the acquisition of a majority stake in 11th St. Workshop, marking the firm's first buyout. 11th St. Workshop designs and fabricates sets for live events and retail spaces, with its work used for high-profile events including the Grammy Awards and the Super Bowl.People familiar with the matter said the deal values the company at about $90 million on an enterprise basis. A representative for Bluestone declined to comment on the valuation.
Implications for the events and fabrication sector
The acquisition gives Bluestone an entry point into the live events design and fabrication market, a niche tied to large entertainment, sports and brand activations. A majority investment in a company with credits across nationally recognized events may also position the firm to expand within adjacent creative production and experiential marketing services.For 11th St. Workshop, the backing of a private equity owner could support further growth in a sector where scale, client relationships and execution capacity are important to winning major contracts. The deal also signals continuing investor interest in specialized service businesses linked to live entertainment and retail environments.
Earlier, we reported on Chariot Claims funding, as the legal-tech startup raised a $10 million Series A for hiring and product development.
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