Bernhard Capital Partners (BCP) has sold its stake in Brown & Root Industrial Services, a provider of nondiscretionary, specialty industrial services, to One Equity Partners, a middle-market private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. Financial terms of the deal were not disclosed.
Headquartered in Baton Rouge, La., Brown & Root serves a blue-chip customer base across the chemicals and synthetics, energy, manufacturing and government segments. The company has a focus on recurring industrial maintenance and turnaround services and also offers services for construction, industrial engineering, soft craft (e.g., scaffolding, insulation) and other specialty services.
Since partnering with KBR to establish Brown & Root Industrial Services in 2015, Brown & Root has expanded its footprint to more than 22 locations across the United States, Mexico and Canada and enhanced its offering for blue-chi
