Sale to AE Industrial Partners

Technology & Services
Sale to AE Industrial Partners

Summary

Baird served as lead financial advisor to BHI Energy, Inc. on this transaction

About

BHI Energy, Inc. (“BHI Energy” or the “Company”), a portfolio company of Harvest Partners (“Harvest”), was recently acquired by AE Industrial Partners, LLC (“AEI”). Terms of the transaction were not disclosed.

For over 35 years, BHI Energy has provided critical on-site services necessary to support the daily operations, routine maintenance and capital investment requirements for the power generation, oil & gas and electricity transmission & distribution end markets. BHI Energy’s broad service offering enables the Company to be an embedded provider of choice to a diverse customer base comprised of blue chip companies. The Company’s service offering includes highly specialized maintenance services, full service radiation protection services and staffing solutions. The Company’s highly skilled workforce includes more than 8,500 experienced project managers and technical, professional and craft employees servicing over 130 global project locations. BHI Energy was founded in 1979 and is headquartered in Weymouth, Massachusetts.

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. Harvest is headquartered in New York, New York.

AE Industrial Partners, LLC is a leading private equity investor specializing in control-oriented investments in aerospace, power generation, and specialty industrial businesses and has strong experience investing in businesses with similar capabilities and end-market exposure as BHI. AEI invests in market-leading companies that can benefit from its deep operating experience, industry knowledge, and relationships. AEI is headquartered in Boca Raton, Florida.
CONTACT US TO LEARN MORE
Technology & Services
Sale to AE Industrial Partners
Date
August 2017
Company
BHI Energy, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

Share