#United States #Baton Rouge #Sandbrook Capital #BCP #United Utility

BCP Completes Sale of United Utility Services

BCP, a private equity management firm that concentrates on services and infrastructure, has officially concluded the sale of United Utility Services. Announced previously, this transaction involves Sandbrook Capital and funds managed by Blackstone Credit Insurance. The closing showcases BCP's investment success in United Utility, a platform crafted to cater to the expanding requirements of electric utilities in the United States by providing engineering, design, maintenance, and construction services that back up power transmission, distribution, and substation infrastructure.

Background of United Utility Services

Formed in 2018, United Utility grew significantly under BCP's guidance, combining organic growth efforts with strategic acquisitions to bolster its service capabilities. This enables the company to assist utility partners in enhancing the reliability and resilience of their essential infrastructure. Over time, United Utility has established itself as one of the most reliable and leading service providers within the industry.

Mark Spender, Partner and Chief Investment Officer at BCP, highlighted, "This closing reflects the strength of our investment approach, the depth of our market insight, and the power of disciplined execution." He expressed pride in the United Utility team’s accomplishments and confidence in the company's future prospects, remarking on their readiness to capitalize on the substantial new investments aimed at strengthening and expanding the U.S. power grid.

BCP's Strategic Approach

This recent transaction denotes BCP’s third exit in a short span, reflecting their emphasis on delivering results through operational value creation and meticulous execution. The deal signifies BCP's commitment to identifying and leveraging opportunities in the market to foster growth and development for their portfolio companies.

United Utility Services specializes in electric utility infrastructure with a comprehensive design-to-build strategy. This methodology supports utilities, cooperatives, and municipalities, assisting them through their full asset lifecycle. With operations across the U.S., the company plays a crucial role in helping customers fortify their systems against increasing power demands.

For further insights into United Utility, one can visit unitedutility.com, where updated information about their services and initiatives can be found.

About BCP

Founded in 2013, BCP has successfully deployed capital across five funds and manages approximately $6 billion in assets. The firm focuses on fostering sustained value by leveraging extensive experience in acquiring, operating, and advancing businesses within the services and infrastructure sector. For more information about BCP, visit bernhardcapital.com.

Sandbrook Capital’s Role

Sandbrook Capital is a private investment firm that collaborates with outstanding management teams to develop vital companies that facilitate the transformation of global energy structures. Headquartered in New York, NY, Sandbrook is led by experts from the power industry. More about their ventures can be explored at sandbrook.com.

The conclusion of this sale is not only a victory for BCP and its partners but also a positive sign for the energy sector, indicating robust movement towards innovative and necessary transformations in the industry.