One Equity Partners, a middle market private equity firm, has completed the acquisition of the Brush Group, an independent provider of equipment, services and solutions for electrical power generation and distribution. Terms of the private transaction were not disclosed.
“With a rich history dating back to the 1880s, Brush has a proven track record for market leadership, product innovation, and trusted customer service,” said Ori Birnboim, managing director, OEP. “OEP is excited to partner with Brush’s industry-leading management team for the next chapter in the Brush story.”
“The world has chosen electricity as its power source for the 21st century, and BRUSH is well positioned to benefit from these positive underlying electrification trends,” said Steve Lunau, managing director, OEP. “BRUSH supports its customers upgrading aging grids, meeting peak and standby power needs, and deploying new products for rapidly evolving requirements such as EV charging, data centers, rail transportation, smart grid and renewable applications.”
Additionally, Brush has acquired Aprenda, a well-respected specialist electrical engineering company that provides a range of high-level consultation, design and turnkey installation services for customers in the UK power distribution industry, for undisclosed terms.
“OEP has a strong track record of building market-leading industrial companies through organic and inorganic investment initiatives that drive operational performance, add product capabilities and expand geographic reach,” said Chris Abbott, CEO of BRUSH. “We’re thrilled to have completed the acquisition of Aprenda with the support of OEP and pleased to be partnering as we continue to further develop the Company. Together, we look forward to starting a new and exciting chapter of growth for BRUSH.”
Dechert LLP served as legal advisor to OEP on the Transaction.