Harris Williams & Co. Advises Maintenance Enterprises, Inc. on its Sale to Brown & Root Industrial Services, LLC

November 14, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Maintenance Enterprises, Inc. (MEI) to Brown & Root Industrial Services, LLC (Brown & Root). MEI is a full-service turnaround, maintenance and specialty welding provider, serving the refinery, petrochemical and agriculture chemical markets. Brown & Root is owned by a group of investors led by Bernhard Capital Partners (BCP) and KBR, Inc. (KBR). Harris Williams & Co. served as financial advisor to MEI in this exclusive, negotiated transaction. The transaction was led by Drew Spitzer, Matt White, Chris Burnham and Adam Daigle of Harris Williams & Co.’s Energy, Power & Infrastructure (EPI) Group.

“The Campesi family built a tremendous organization over two generations and our focus was to help them find the right partner to further the legacy they have established,” said Drew Spitzer, a managing director at Harris Williams & Co. “We are proud to have represented MEI and the Campesi family in this transaction – we look forward to watching their partnership with Brown & Root develop,” added Chris Burnham, a vice president at Harris Williams & Co.

“MEI marks the 40th successful infrastructure services transaction for Harris Williams & Co. and our EPI group,” said Matt White, a managing director at Harris Williams & Co. “The acquisition by Brown & Root further highlights the significant interest we are seeing more broadly in infrastructure services platforms.”

Headquartered in White Castle, Louisiana, MEI is a premier provider of turnaround, specialty welding and construction related services to the refinery, petrochemical and agriculture chemical markets.  Founded in 1967, MEI has more than 1,300 employees across eight offices strategically located throughout the Gulf Coast region. MEI has provided services for blue chip companies across North America and worldwide during its 49 year history, while owning one of the best records of quality service and safety in the industry.  With a strong focus on providing a full array of turnaround services, MEI’s highly skilled industrial workforce also provides services that include project management, construction, fabrication, plant and process unit relocation, fire repair and rebuilds, premium specialty welding on all grades of steel, alloys and exotic metals and specialty maintenance, repair and replacement services for process unit cooling towers.

Brown & Root is a comprehensive, world-class provider of engineering, procurement, construction, maintenance and specialty services to various industries. Brown & Root is recognized as a symbol for dependability, know-how and a commitment to get the job done right. The company was founded in 1919 and is based in Baton Rouge, Louisiana. It has operations in the U.S., Mexico and Canada.

BCP is an energy services-focused private equity firm established in 2013 by Jim Bernhard, Jeff Jenkins and a team of experienced private-equity professionals. BCP seeks to create sustainable value by leveraging its founding partners' 25 years of experience in acquiring, operating and growing energy-services businesses. From strategic industry insight to operational efficiencies and best-practice management, BCP provides resources far beyond its investments.

KBR is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries. For decades it has been the company that customers turn to for their most challenging assignments. With operations in 40 countries, KBR has more than 25,800 people delivering services to customers in over 80 countries. Together they represent an unmatched reservoir of talent and experience in a wide range of markets. KBR delivers technology, value-added consulting services and integrated EPC skills through three distinct global businesses, technology and consulting, engineering and construction and government services.

Harris Williams & Co. (www.harriswilliams.com), a member 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 Energy, Power & Infrastructure 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 our energy, power and infrastructure experience, please visit the Energy, Power & Infrastructure 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 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.