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New Deal


Announced

Completed

Neuberger Berman completed the acquisition of a minority stake in ENTRUST Solutions Group.

Financials

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

Tags

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engineering solutions

United States

Energy / Utility Services

Domestic

Private

Friendly

Single Bidder

Minority

Acquisition

Private Equity

Completed

Synopsis

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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.

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