TaskUS Inc. to Transition to Private Ownership Amid Strong Financial Performance

In a significant development for TaskUS Inc., the business process outsourcing company has announced its transition to a privately held entity. This move comes as the company, known for its back office support, customer experience consulting, and business process optimization services, reports strong financial results that have exceeded market expectations.

On May 9, 2025, TaskUS Inc. revealed that it had entered into a definitive agreement to become a privately held company. The deal, led by an affiliate of Blackstone, involves TaskUS Co-Founder and CEO Bryce Maddock and Co-Founder and President Jaspar Weir acquiring 100% of the outstanding shares of class A common stock they do not already own. The acquisition price is set at $16.50 per share, an all-cash transaction that marks a significant milestone for the company.

The announcement has had an immediate impact on TaskUS’s stock, which soared following the news of the acquisition agreement. The company’s shares, which closed at $13.98 on May 6, 2025, have seen a notable increase, reflecting investor optimism about the company’s future under private ownership.

In addition to the acquisition news, TaskUS has reported impressive financial performance for the first quarter of fiscal 2025. The company announced total revenues of $277.8 million, representing a 22.1% year-over-year growth. This performance not only exceeded the top-end of expectations but also led to the company withdrawing its fiscal 2025 guidance, underscoring its confidence in continued growth and profitability.

Furthermore, TaskUS’s Q1 profit has increased, beating estimates and reinforcing the company’s strong market position. This financial success is a testament to TaskUS’s ability to deliver value to its global clientele, which spans various industries seeking efficient and innovative business process solutions.

The transition to private ownership is expected to provide TaskUS with greater flexibility to pursue strategic initiatives and investments without the pressures of public market expectations. The involvement of Blackstone, along with the company’s co-founders, signals a commitment to sustaining and enhancing TaskUS’s growth trajectory.

As TaskUS prepares for its new chapter as a privately held company, stakeholders are optimistic about the opportunities this change will bring. The company’s robust financial performance and strategic leadership position it well to continue its mission of transforming customer experiences and optimizing business processes on a global scale.

For more information on TaskUS Inc. and its services, visit www.taskus.com .