- BRUSH Group designs, assembles and services large scale generators that provide primary and standby electrical power
- OEP bought BRUSH Group in June 2021
- BRUSH acquired Aprenda in 2021
One Equity Partners (OEP) announced that it has completed the sale of BRUSH Group’s power generation business to energy technology company Baker Hughes. OEP bought BRUSH Group in June 2021. The company designs, assembles and services large scale generators that provide primary and standby electrical power.
BRUSH acquired high voltage electrical company Aprenda in 2021 as part of its growth strategy. Since signing the sale to Houston, Texas-headquartered Baker Hughes in August, Brush has closed two further acquisitions: Eta Projects and KUS Power Engineering.
“This sale is another example of OEP’s value creation strategy, culminating through the strategic sale of BRUSH’s largest business segment to bring returns for investors,” said Steven Lunau, managing director at OEP. “We identified Baker Hughes as the optimal buyer in less than a year and moved quickly to complete the sale. OEP will now focus on growing BRUSH’s remaining power distribution and networks businesses in close partnership with BRUSH management.”
“BRUSH will focus on growing the remaining power distribution and networks businesses with the goal of providing agile and adaptive engineering solutions and engineered products to future-proof the United Kingdom’s critical infrastructure whilst enabling a sustainable lower-cost, zero-carbon footprint,” said Ori Birnboim, managing director at OEP.
OEP is a private equity firm headquartered in New York. OEP was spun out of JPMorgan in 2015. It invests across the healthcare, industrial, technology, and technological services sectors and looks for companies with revenues of $100 million to $800 million.