One Equity Partners (OEP), a middle market private equity firm, has completed the acquisition of the BRUSH Group (BRUSH, an independent provider of equipment, services and solutions for electrical power generation and distribution.
BRUSH has a long and rich history serving power generation, control and distribution products, namely turbogenerators, transformers, and switchgear. BRUSH’s products are used across a wide range of end markets, including utilities, industrial, maritime, rail, data centers and renewable applications.
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.
“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 ageing 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,” says Steve Lunau, Managing Director, OEP.
Read more/Source: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.