Westinghouse Electric Co. has acquired BHI Energy from AE Industrial Partners LP, U.S.-based private equity firm investing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets.
BHI provides specialty services for power generation and electricity transmission & distribution verticals. During its ownership under AEI, BHI grew organically and through the acquisitions of multiple related industries.
“AEI is proud to have worked with BHI as it completed five add-on acquisitions in the transmission & distribution and engineering spaces and continued to grow its market share in the nuclear and renewables markets,” said Michael Greene, managing partner of AEI. “BHI has cemented its reputation as a market-leading service provider in the utility sector focused on carbon-neutral technologies, and we know the company will continue to perform at the highest level going forward.”
Baird served as lead financial advisor to AEI, with Harris Williams serving as an additional financial advisor, and Kirkland & Ellis LLP served as legal advisor.