Deal Details
DEI Is Acquired by Allied Power
Summary
Dominion Engineering, Inc. (“DEI” or the “Company”) has recently announced its sale to Allied Group Holdings (“Allied Power”), a portfolio company of Bernhard Capital Partners. The terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to Dominion Engineering, Inc. on this transaction.
About
Founded in 1980, DEI began as an independent technical consulting firm to ensure safe, reliable and cost-effective design, operation and maintenance of nuclear reactors. Due in large part to innovative solutions developed from years of experience, DEI's business has expanded to include a strong portfolio of value-adding equipment and tooling products for nuclear reactor services. DEI holds over 80 granted patents for specialized equipment and processes for nuclear reactor services and nuclear waste management. A number of these products have challenged conventional approaches to nuclear reactor maintenance and waste management and have translated to substantial savings for nuclear utilities and operators. DEI is headquartered in Reston, Virginia.Allied Power is a diversified, full-service provider of power plant services spanning the entire asset life cycle. The Allied Power team and leadership has vast experience in the utility industry and expertise in power generation. Utilizing this expertise, Allied Power is able to provide customers with proven, practical, and innovative approaches that maximize the efficiency and cost effectiveness of utilities without sacrificing safety or quality. Allied Power provides a full range of professional, technical and craft services including routine maintenance, outage, and capital construction services. Allied Power is headquartered Baton Rouge, Louisiana.
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in four funds across several strategies and has approximately $3.4 billion of gross assets under management. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses. Bernhard Capital Partners is headquartered in Baton Rouge, Louisiana with an additional office in Brentwood, Tennessee.
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- Date
- September 2023
- Company
- Dominion Engineering, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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