Private equity firm One Equity Partners (OEP) has acquired provider of equipment, services and solutions BRUSH Group.
No financial details have been disclosed. Dechert LLP served as legal advisor to OEP on the transaction.
Founded in 1889, and headquartered in Ashby de la Zouch, UK, BRUSH has a long history serving power generation, control and distribution products, namely turbogenerators, transformers, and switchgear.
The company’s 1,200 employees also provide a wide range of services for these same product segments worldwide.
BRUSH’s products are used across a wide range of end markets, including data centres as well as utilities, industrial, maritime, rail, and renewable applications.
Ori Birnboim, Managing Director, OEP, said: “With a rich history dating back to the 1880s, BRUSH has a proven track record for market leadership, product innovation, and trusted customer service. OEP is excited to partner with BRUSH’s industry-leading management team for the next chapter in the BRUSH story.”
OEP’s acquisition of BRUSH comes at a time when the electrical power sector is undergoing a significant transformation, as governments and corporations work to supply the increased demand for electric power against the backdrop of aging grid infrastructure.
Steve Lunau, Managing Director, OEP, said: “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.
“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 centres, rail transportation, smart grid and renewable applications.”
Additionally, BRUSH has acquired Aprenda, an electrical engineering company that provides a wide range of high-level consultation, design and turnkey installation services for customers in the UK power distribution industry, for undisclosed terms.
The acquisition of Aprenda, a Cambridgeshire, UK-headquartered business, will provide BRUSH with a design engineering platform focused on UK power distribution network projects.
Chris Abbott, CEO of BRUSH, said: “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.
“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.”