BCP Sells Stake in Brown & Root Industrial Services to KBR
BCP Announces Sale of Stake in Brown & Root Industrial Services
BCP, a private equity management firm focused on services and infrastructure, has recently made an important decision to sell its stake in Brown & Root Industrial Services, a company that offers specialized industrial services. KBR, Inc. (NYSE: KBR), which has been a partner with Brown & Root Industrial Services since 2015, continues to maintain a significant interest in the company.
Since the inception of their partnership with KBR, BCP has worked closely with CEO Andy Dupuy and the management team to enhance the legacy of Brown & Root Industrial Services, which spans nearly a century. Over the past decade, this collaboration has allowed the company to broaden its operational reach, improve its capabilities, and cultivate a high-performing team. Today, Brown & Root Industrial Services is proud to serve prestigious clients across various sectors, including chemicals, energy, manufacturing, and government services, employing over 10,000 people and operating 22 locations throughout North America.
In a statement, Andy Dupuy remarked on the strong relationship BCP has forged with him and his team, emphasizing how their guidance has contributed significantly to the company's growth and reputation within the industrial services sector. He conveyed confidence in the company’s future, highlighting that this sale represents a successful chapter in their partnership. Dupuy expressed that the focus will now shift towards new opportunities for both the business and its dedicated workforce.
Mark Spender, a Partner at BCP, echoed Dupuy's sentiments by noting that their collaboration with Brown & Root Industrial Services exemplifies BCP's commitment to partnering with exceptional management teams. He stated that their joint efforts have established the company as a leading player in the North American industrial services market while generating substantial value for their investors. Spender expressed optimism for the future successes of the Brown & Root Industrial Services team as they transition into this new stage of their development.
The sale transaction is anticipated to finalize in late Q3 or early Q4 of 2025, pending standard closing conditions and necessary approvals.
In addition to the sale, BCP has secured the advisory services of Houlihan Lokey for financial matters and Kirkland & Ellis LLP for legal assistance throughout this process.
About BCP
Founded in 2013, BCP is an esteemed private equity management firm dedicated to services and infrastructure investments. With a diversified portfolio across five funds, BCP manages over $5 billion in assets. The firm is dedicated to generating long-term value by applying its expertise in acquiring, operating, and expanding service-oriented and infrastructure-related businesses.
About Brown & Root Industrial Services
With a legacy established in the early 1900s, Brown & Root Industrial Services has become recognized for excellence in delivering comprehensive solutions for industrial projects around the world. The company provides a wide spectrum of industrial services, including engineering, construction, maintenance, turnarounds, and specialty services. Their skilled leadership team, equipped with years of expertise, is dedicated to customer satisfaction, enabling successful project execution across industries such as petrochemicals, clean energy, and manufacturing.
Frequently Asked Questions
What is BCP's role in Brown & Root Industrial Services?
BCP has been a significant partner in Brown & Root Industrial Services, enhancing its growth and development since 2015.
What sectors does Brown & Root Industrial Services serve?
Brown & Root Industrial Services serves multiple sectors including chemicals, energy, manufacturing, and government services.
What is expected regarding the completion of the sale?
The sale is expected to be finalized in late Q3 or early Q4 of 2025, subject to closing conditions.
Who are BCP's advisors for this transaction?
Houlihan Lokey serves as the financial advisor, while Kirkland & Ellis LLP provides legal services during the sale.
How does BCP create value in its investments?
BCP focuses on acquiring, operating, and growing services and infrastructure businesses to generate sustainable value for its investors.
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