Announced
Completed
Financials
Tags
power transmission
United States
Completed
Majority
Friendly
Acquisition
Single Bidder
Disposal
Domestic
power distribution
Electricity Distribution
Private Equity
Private
Synopsis
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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