Bernhard Capital Partners Expands Utility Engineering Platform with TechServ Acquisition

In a strategic move to strengthen its service offerings within the utilities sector, Bernhard Capital Partners (BCP) has successfully acquired TechServ, a prominent provider of utility engineering, oversight, and telecommunications services. This acquisition signals BCP’s commitment to advancing essential infrastructure services needed for the modern world.

Founded in 1992 and headquartered in Tyler, Texas, TechServ has established itself as a crucial player in the utility services industry, operating across 21 states with a dedicated workforce of over 850 employees. The company specializes in providing a range of services including construction oversight, engineering and design for utilities, telecommunication solutions, damage assessments, and joint use coordination for both power delivery utilities and telecommunication asset owners.

Mark Spender, a partner at Bernhard Capital, emphasized the importance of this partnership, stating, "We are proud to partner with TechServ to build a best-in-class platform that will meet the growing needs of utilities and telecom providers across the country, driven by the rapidly rising demand for power and data." His remarks underscore the increasing necessity for effective modernization and expansion of utilities and telecommunications in light of emerging technologies and societal demands.

The acquisition aligns with the broader goals of supporting grid modernization and facilitating the expansion of electric power and communication networks, both critical in today’s digitized environment. As demand for energy surges, particularly spurred by artificial intelligence and advancements in digital infrastructure, utilities find themselves outsourcing essential engineering and oversight roles to experienced partners like TechServ to enhance operational efficiency.

Randall Wisenbaker, CEO of TechServ, also expressed enthusiasm about the partnership, highlighting that, "Partnering with BCP will allow us to reinforce our commitment while accelerating our growth and expanding our capabilities." This sentiment reflects a shared vision between BCP and TechServ in relation to fostering innovation within an evolving infrastructure landscape.

The demand for services offered by TechServ has been further amplified as utilities focus on system upgrades, grid resilience, and the electrification of various sectors, including transit, buildings, and data centers. With utilities increasingly prioritizing modernization projects, the backing of a private equity firm like BCP provides TechServ with the necessary resources to scale its operations and enhance service delivery.

Bernhard Capital Partners, established in 2013, is known for its focus on essential services and infrastructure, managing approximately $5 billion in assets across multiple funds and strategies. This acquisition of TechServ is part of their broader objective to create sustainable value in the essential infrastructure services market, underscoring their expertise in acquiring and growing companies within this sector.

For more details about BCP's vision and TechServ's extensive service offerings, visit BernhardCapital.com and TechServ.com. With this partnership, both entities are set to redefine utility engineering and consulting services, positioning themselves as integral providers of solutions that cater to the evolving demands of electricity and telecommunications.