Harris Williams & Co. Advises BHI Energy on its Sale to AE Industrial Partners

August 29, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of BHI Energy (BHI), a portfolio company of Harvest Partners, LP (Harvest), to AE Industrial Partners (AEI). BHI is a leading specialty services and staffing solutions provider to power generation, energy and government markets. The transaction was led by Drew Spitzer, Matt White, Ian Thomas, Michael Drummond and Will Forston of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.

“BHI is the undisputed leader in the nuclear services market and provides highly-specialized, on-site solutions that are critical to the daily operations of power generation and other energy-related end markets. We look forward to following BHI’s continued success,” said Drew Spitzer, a managing director at Harris Williams & Co.

“We continue to see strong interest in high-quality infrastructure services platforms in North America,” said Matt White, a managing director at Harris Williams & Co. “BHI extends our deep track record of M&A advisory to the sector, and we are excited to watch its partnership with AEI develop.”

With more than 35 years of experience, BHI has provided a variety of on-site specialty maintenance and staffing services to the power-generation industry. BHI's business model is proven to build longstanding relationships with customers through the alignment of operating objectives and the ability to help customers effectively manage and service their assets across power generation, oil and gas, and electricity transmission and distribution sectors.

Harvest, founded in 1981, is an established private investment firm with a history of investing in middle market companies for more than 35 years. The firm invests across four industry verticals to support high-quality management teams to acquire and build growing businesses.

AEI is a leading private equity firm specializing in investments across aerospace and power generation end markets. AEI invests in market-leading companies that can benefit from its deep operating experience, industry knowledge and relationships. AEI provides deep industry insight and strategic direction that helps drive success within its portfolio investments.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence.  Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.

Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including oil and gas equipment and services, energy efficiency and clean tech, industrial and infrastructure services, power products and technology, engineering and construction and environmental services.  For more information on the firm’s energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.