Announced
Synopsis
One Equity Partners, a private equity firm, agreed to invest in KBR-backed Brown & Root Industrial Services, a provider of non-discretionary, specialty industrial services, from BCP, a services and infrastructure-focused private equity management firm. Financial terms were not disclosed. “Brown & Root Industrial Services is a trusted service provider for infrastructure maintenance and major capital expansion projects within the large North American industrial services sector. As the market continues to benefit from structural tailwinds, the Company is well-positioned for growth. We see a plethora of opportunities to enhance capabilities, tap into adjacent markets, and expand our footprint in North America and around the world,” Ante Kusurin, One Equity Partner.
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