Kohlberg & Co., a U.S.-based middle market private equity firm, has agreed to acquire a majority stake in Loenbro, a provider of technical and specialized services to data center and critical infrastructure markets.
Braemont Capital and Loenbro’s management team will retain significant equity interests in the company. The transaction is designed to support Loenbro’s next phase of growth, with plans to scale its national platform. Founded in 2000, Loenbro provides mission-critical electrical, mechanical and structural services to industries reliant on complex infrastructure. The company has grown organically and through acquisitions, expanding its geographic footprint while maintaining a focus on operational excellence, safety, and customer service. Its capabilities position it to serve the increasing demand from sectors such as data centers and other essential infrastructure environments.
Evercore acted as financial advisor and Kirkland & Ellis as legal counsel to Loenbro. Harris Williams, KeyBanc Capital Markets and Stifel advised Kohlberg, while Greenberg Traurig and Kirkland & Ellis provided M&A and financing counsel to the buyer.