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New Deal


Announced

Completed

Bernhard Capital-backed United Utility Services completed the acquisition of BHI Power Delivery from Brookfield-backed Westinghouse Electric Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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power transmission

United States

Completed

Majority

Friendly

Acquisition

Single Bidder

Disposal

Domestic

power distribution

Electricity Distribution

Private Equity

Private

Synopsis

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Bernhard Capital-backed United Utility Services, a utility contractor, completed the acquisition of BHI Power Delivery, a power distribution company, from Brookfield-backed Westinghouse Electric Company, a nuclear power company. Financial terms were not disclosed. "This transaction positions us for continued growth in key strategic markets, while solidifying United Utility as one of the leading power transmission and distribution services provider in the industry. We look forward to building on this momentum together and continuing to execute on our long-term growth strategy," Ali Azad, United Utility Services CEO.

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