Announced
Completed
Financials
Tags
Friendly
Cross Border
United Kingdom
Acquisition
Single Bidder
power generation
Private
Alternative Electricity
Majority
Conventional Electricity
Private Equity
Completed
Synopsis
Baker Hughes, an American international industrial service company, completed the acquisition of the power generation business of BRUSH, a manufacturer of electrical generators, from One Equity Partners, a middle market private equity firm. Financial terms were not disclosed. “We are thrilled to help unlock meaningful value creation through the transformational sale of BRUSH’s largest business segment. OEP recognized BRUSH as a leader within the Power Generation equipment and services sector when we acquired the business last year. We look forward to continuing to support and grow BRUSH’s remaining Power Distribution & Networks business alongside its exceptional management team,” Steve Lunau, One Equity Partners Managing Director.
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