Bernhard Capital Partners (BCP), a services and infrastructure–focused private equity management firm, has agreed to sell its stake in Brown & Root Industrial Services, a provider of nondiscretionary specialty industrial services.
KBR, which has been an investor in Brown & Root Industrial Services since 2015, will continue to own a significant stake in the company. Financial terms of the deal were not disclosed, and the buyer was not included in the announcement.
Since partnering with KBR to establish Brown & Root Industrial Services in 2015, BCP has worked closely with the company’s CEO, Andy Dupuy, and the rest of the management team to build on its nearly 100-year legacy as an innovative partner for customers across the industrial services industry. During the last decade, Brown & Root Industrial Services has significantly expanded its footprint, capabilities and team.
Brown & Root Industrial Services currently blue-chip customers acro
