Announced
Completed
Financials
Tags
engineering solutions
United States
Energy / Utility Services
Domestic
Private
Friendly
Single Bidder
Minority
Acquisition
Private Equity
Completed
Synopsis
Neuberger Berman, a private, independent, employee-owned investment manager, completed the acquisition of a minority stake in ENTRUST Solutions Group, a consulting and engineering services platform serving the utility and infrastructure end markets. Financial terms were not disclosed. "We are very pleased to welcome Neuberger Berman as a partner to ENTRUST and are excited about the opportunities this collaboration will bring. In combination with Kohlberg and Neuberger Berman, we aim to accelerate our value creation plan and support the upgrade and maintenance of critical infrastructure that is the backbone of our communities. We look forward to a successful and impactful journey ahead," Adam Biggam, ENTRUST President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.