BRUSH to be acquired by Greenbelt Capital Partners
BRUSH Group Ltd has announced that funds managed by Greenbelt Capital Management L.P. have signed an agreement to acquire the Company from funds managed by OEP Capital Advisors, L.P.
BRUSH Group employees gather at the firm's state-of-the-art transformer 'test cell' facility in Loughborough, UK (Image credit: BRUSH Group)
UK, Loughborough: BRUSH Group Ltd, an engineering solutions provider for UK electrical infrastructure projects, has announced that funds managed by Greenbelt Capital Management L.P. have signed a definitive agreement to acquire the Company from funds managed by OEP Capital Advisors, L.P. (One Equity). BRUSH has contributed to the UK’s electrical energy infrastructure for almost 150 years and operates from multiple locations across the UK as well as in Italy.
The company is a provider of power transformers, electrical switchgear, and engineering solutions for the transition to net zero. This transaction might see it build on the growth it has achieved recently, with reported revenue of around £150 million annually. The company’s products aim to support grid resilience and grid extension, enabling infrastructure upgrades, renewable energy integration, and capacity expansion to meet ever-increasing demand.
Nicolas Pitrat, CEO of BRUSH, commented: “This deal represents a brilliant opportunity for BRUSH. From the outset, Greenbelt has liked what we do, and they are committed to supporting us as we continue to build on our enviable reputation for engineering excellence and technical know-how. What makes this deal genuinely exciting is that Greenbelt has a wealth of expertise in the energy sector and are experts on growing businesses operating within the energy transition.”
Andy Hopping, Partner at Greenbelt, added: “Grid enablement and energy resilience are core themes at Greenbelt. We believe BRUSH plays a vital role in enabling the UK’s evolving electricity infrastructure—providing the equipment and engineering expertise needed to integrate renewables, upgrade aging assets, and meet rising demand. We are excited to partner with BRUSH’s seasoned leadership team and bring our sector experience to help support the company’s next phase of growth.”
Source: BRUSH
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