Benchmark International is pleased to announce the transaction between Cambridgeshire-based Aprenda and Leicestershire-based BRUSH.
Aprenda is a high voltage electrical apparatus engineer, specialising in the installation and refurbishment of substations for blue-chip clients throughout the UK. Projects include turnkey design & build projects, preventative maintenance, equipment upgrades and new substation installations.
Founded in 1889, BRUSH is the leading independent provider of equipment, services and solutions for electrical power generation and distribution and is the world's largest independent manufacturer of generators above 20MVA. BRUSH's products are used across a wide range of end markets, including utilities, industrial, maritime, rail, data centres and renewable applications.
The acquisition of Aprenda will provide BRUSH with a leading design engineering platform focused on UK power distribution network projects.
At the same times as the Aprenda acquisition, BRUSH was acquired by North American middle-market private equity firm, One Equity Partners (‘OEP’). 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 ageing grid infrastructure.
The successful carve-out and the company’s simultaneous acquisition of Aprenda reflect OEP’s core strategy of accelerating growth through transformational acquisitions.
Chris Abbott, CEO of BRUSH, commented: “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.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.