BCP Announces Sale of Stake in Brown & Root Industrial Services
BCP has announced the sale of its stake in Brown & Root Industrial Services to existing investor KBR (NYSE:KBR). The transaction, expected to close in late Q3 or early Q4 2025, marks the end of BCP's involvement since the company's establishment in 2015.
Under BCP's partnership, Brown & Root Industrial Services has experienced significant growth, expanding to 22 locations across the U.S., Mexico, and Canada with a workforce of over 10,000 employees. The company serves clients in chemicals, synthetics, energy, manufacturing, and government sectors.
BCP ha annunciato la vendita della sua partecipazione in Brown & Root Industrial Services all'investitore attuale KBR (NYSE:KBR). L'operazione, che dovrebbe concludersi tra la fine del terzo trimestre e l'inizio del quarto trimestre 2025, segna la fine del coinvolgimento di BCP dalla fondazione della societ脿 nel 2015.
Durante la collaborazione con BCP, Brown & Root Industrial Services ha registrato una crescita significativa, espandendosi in 22 sedi tra Stati Uniti, Messico e Canada con un organico di oltre 10.000 dipendenti. L'azienda serve clienti nei settori chimico, sintetici, energetico, manifatturiero e governativo.
BCP ha anunciado la venta de su participaci贸n en Brown & Root Industrial Services al inversor actual KBR (NYSE:KBR). La transacci贸n, que se espera cierre a finales del tercer trimestre o principios del cuarto trimestre de 2025, marca el fin de la participaci贸n de BCP desde la creaci贸n de la empresa en 2015.
Bajo la asociaci贸n con BCP, Brown & Root Industrial Services ha experimentado un crecimiento significativo, expandi茅ndose a 22 ubicaciones en EE. UU., M茅xico y Canad谩 con una plantilla de m谩s de 10,000 empleados. La empresa atiende a clientes en los sectores de qu铆micos, sint茅ticos, energ铆a, manufactura y gobierno.
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BCP a annonc茅 la vente de sa participation dans Brown & Root Industrial Services 脿 l'investisseur actuel KBR (NYSE:KBR). La transaction, qui devrait se finaliser fin du troisi猫me trimestre ou d茅but du quatri猫me trimestre 2025, marque la fin de l'implication de BCP depuis la cr茅ation de l'entreprise en 2015.
Gr芒ce au partenariat avec BCP, Brown & Root Industrial Services a connu une croissance significative, s'茅tendant 脿 22 sites aux 脡tats-Unis, au Mexique et au Canada avec une 茅quipe de plus de 10 000 employ茅s. L'entreprise sert des clients dans les secteurs de la chimie, des synth茅tiques, de l'茅nergie, de la fabrication et du gouvernement.
BCP hat den Verkauf seiner Beteiligung an Brown & Root Industrial Services an den bestehenden Investor KBR (NYSE:KBR) bekannt gegeben. Die Transaktion, die voraussichtlich Ende Q3 oder Anfang Q4 2025 abgeschlossen wird, markiert das Ende von BCPs Engagement seit der Gr眉ndung des Unternehmens im Jahr 2015.
Unter der Partnerschaft mit BCP hat Brown & Root Industrial Services ein erhebliches Wachstum erlebt und ist auf 22 Standorte in den USA, Mexiko und Kanada mit einer Belegschaft von 眉ber 10.000 Mitarbeitern angewachsen. Das Unternehmen bedient Kunden in den Bereichen Chemie, Synthese, Energie, Fertigung und Regierung.
- None.
- Financial terms of the transaction not disclosed
- Potential operational transition risks during ownership change
Insights
BCP's exit from Brown & Root Industrial Services signals successful value creation while KBR maintains significant investment position.
This transaction represents a typical private equity exit cycle, with BCP selling its stake in Brown & Root Industrial Services after a 10-year investment period. The press release highlights substantial growth during BCP's ownership, expanding from the original 2015 establishment to now having over 10,000 employees across 22 locations in the US, Mexico, and Canada.
For
The lack of financial disclosure prevents direct valuation analysis, but several points are noteworthy: (1) Brown & Root's expansion to 10,000+ employees indicates substantial scale; (2) the diversified customer base across chemicals, energy, manufacturing and government sectors provides stability; and (3) the transaction timing in late Q3/early Q4 2025 allows for orderly transition.
The leadership continuity under CEO Andy Dupuy is a positive signal that the operational strategy will remain consistent despite the ownership change. Brown & Root's century-long legacy (dating to 1919) in industrial services represents a stable business in KBR's investment portfolio, potentially balancing other more volatile segments in KBR's operations.
Since partnering with KBR to establish Brown & Root Industrial Services in 2015, BCP has partnered closely with Brown & Root Industrial Services CEO Andy Dupuy and the rest of the management team to build on the Company's nearly 100-year legacy as a reliable, innovative partner for customers across the industrial services industry. Over the last 10 years, the Company has significantly expanded its footprint, industry-leading capabilities and best-in-class team. Today, Brown & Root Industrial Services serves blue-chip customers across the chemicals and synthetics, energy, manufacturing and government segments and has over 10,000 employees and 22 locations across the
"Our partnership with Jim Bernhard, Jeff Jenkins, Mark Spender and the entire BCP team has been instrumental in our growth and success over the last decade," said Dupuy. "Their vision, guidance and conviction has been instrumental in enhancing our reputation as the partner of choice for customers across the industrial services market, while remaining true to the principles that have guided us since 1919. This milestone marks the successful culmination of a rewarding partnership, and we are confident our business and our team is well positioned for continued success."
"As one of聽BCP's original investments, our partnership with Brown & Root Industrial Services is emblematic of our approach to supporting world-class management teams and executing on a shared vision for growth," said Mark Spender, Partner at BCP. "We are proud of all that we have accomplished together to position the company as a leading industrial services provider in
The transaction is expected to be completed in late Q3 or early Q4聽2025, subject to customary closing conditions and approvals.
Houlihan Lokey is acting as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to BCP.
About BCP
BCP is a services and infrastructure-focused private equity management firm established in 2013. BCP has deployed capital in five funds across several strategies and has over
About Brown & Root Industrial Services
Brown & Root Industrial Services has been in the industry since the early 1900's and built a legacy synonymous with excellence in providing full-service solutions for every project phase of industrial facilities across the globe. Brown & Root Industrial Services offers a full range of industrial services in industrial engineering, construction, maintenance, turnarounds, soft crafts, and specialty services. Led by a core leadership team with many years of valuable experience and a singular focus on customer service, Brown & Root Industrial Services works with companies in the downstream, refining, petrochemical, chemical, pulp and paper, alternative fuels, clean energy, and manufacturing industries to execute projects, solve challenges and achieve success. Learn more at .
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SOURCE Bernhard Capital Partners Management, LP
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