TaskUs to Go Private in $16.50 Per Share Cash Deal Led by Co-Founders and Blackstone
TaskUs Stockholders to Receive 26% Premium Over 30-Day VWAP as Company Exits Public Markets
TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience solutions for the world’s most innovative companies, has announced it will transition to a privately held company in a landmark deal. Under the terms of the agreement, an affiliate of Blackstone, alongside TaskUs co-founders Bryce Maddock (CEO) and Jaspar Weir (President), will acquire all 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% over the company’s 30-day volume-weighted average price (VWAP).
Upon completion of the transaction, TaskUs’ Class A common stock will no longer be listed on any public market. Maddock and Weir will continue to lead the company in their respective roles as CEO and President, ensuring continuity in leadership as TaskUs embarks on its next phase of growth.
A Strategic Move to Unlock Long-Term Value
The decision to take TaskUs private was unanimously recommended by a Special Committee of independent directors, formed on March 20, 2025, after the Buyer Group expressed interest in exploring a possible transaction. The Special Committee, supported by leading independent financial and legal advisors, conducted a thorough evaluation of the proposal before approving the deal.
“This transaction delivers immediate value to our stockholders while positioning TaskUs for long-term success,” the Special Committee stated. “After careful consideration and negotiation with the Buyer Group, we concluded that this is in the best interest of TaskUs and our public stockholders.”
The move comes at a pivotal time as TaskUs navigates the rapidly evolving landscape of artificial intelligence (AI) and its impact on the outsourcing industry. By transitioning to a private ownership structure, the company aims to gain greater flexibility to focus on long-term investments without the pressures of quarterly earnings expectations.
Leadership Perspectives on the Transaction
TaskUs co-founder and CEO Bryce Maddock emphasized the importance of adapting to the AI-driven era. “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.”
Maddock’s vision aligns closely with the goals of Blackstone, one of the world’s largest private equity firms. According to Amit Dixit, Head of Asia Private Equity at Blackstone, “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.”
Dixit added, “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.”
Why Blackstone and the Co-Founders Are Doubling Down
The involvement of Blackstone underscores the firm’s confidence in TaskUs’ ability to thrive in the AI-driven economy. Known for its expertise in scaling technology-enabled businesses, Blackstone brings significant resources and operational know-how to the table. Combined with the deep industry knowledge of Maddock and Weir, this partnership positions TaskUs to remain a leader in the outsourced digital services space.
For the co-founders, the buyout represents an opportunity to regain full control of the company they built from the ground up. By taking TaskUs private, Maddock and Weir can focus on executing their long-term strategy without the constraints of public market scrutiny.
What This Means for TaskUs Stockholders
TaskUs stockholders stand to benefit significantly from the transaction. The $16.50 per share offer provides a 26% premium over the company’s 30-day VWAP, delivering immediate liquidity and value to investors. For those who have held TaskUs stock through periods of volatility, the deal offers a clear exit strategy at an attractive price point.
The transaction is expected to close in the second half of 2025, subject to customary closing conditions, including approval by TaskUs stockholders and regulatory authorities. Once completed, the company will operate as a privately held entity, allowing it to pursue its strategic objectives with renewed focus and agility.
TaskUs’ Role in the AI Revolution
As AI continues to reshape industries, TaskUs is uniquely positioned to help its clients adapt to these changes. The company’s expertise in digital services and customer experience makes it a critical partner for businesses navigating the complexities of AI adoption. By investing in cutting-edge AI capabilities and enhancing its service offerings, TaskUs aims to strengthen its value proposition and maintain its competitive edge.
The transition to private ownership will enable TaskUs to accelerate these efforts, allocating resources toward innovation and long-term growth initiatives. Freed from the short-term pressures of public markets, the company can prioritize investments that may take time to yield returns but are essential for sustained success in the AI era.
Looking Ahead: A New Chapter for TaskUs
The decision to go private marks the beginning of a new chapter for TaskUs. With the backing of Blackstone and the continued leadership of its co-founders, the company is well-positioned to capitalize on emerging opportunities in the AI-driven economy.
For employees, clients, and stakeholders, the transaction reinforces TaskUs’ commitment to delivering exceptional value and driving innovation in the digital services space. As the company steps away from the public spotlight, it remains focused on empowering its clients, supporting its workforce, and building a future-proof business model.
