BHI Acquisition allows United Utility to form one of U.S. largest transmission/distribution power providers
(UI) — United Utility Services, a specialty utility services company, has acquired BHI Power Delivery (BHI), an industry-leading specialty utility transmission and distribution services provider, from Westinghouse Electric Company. Financial terms of the transaction were not disclosed.
The acquisition creates one of the largest independent, pure-play power transmission and distribution services providers in the U.S., while expanding United Utility’s geographic footprint and strengthening its presence in key markets.
BHI Power Delivery provides comprehensive and innovative offerings supporting power infrastructure investment across all transmission, substation, distribution, and grid hardening projects, from engineering and construction to maintenance, live-line work and storm response.
BHI represents United Utility’s fifth strategic acquisition, all of which have been negotiated on a bi-lateral basis. This transaction further demonstrates the company’s commitment to growing its breadth of services and capabilities to best serve its growing list of key electric utility customers.
United Utility was formed in 2018 by Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, through the acquisition of W.A. Chester, a leading underground electric transmission and distribution services business.
“Our proprietary Blueprint investment approach enabled us to identify an essential need for investment in the specialty utility and transmission and distribution space,” said Mark Spender, Partner at Bernhard Capital Partners. “We look forward to the team’s continued success following the acquisition of BHI Power Delivery.”
“We look forward to building on our leadership in key market segments and expanding our suite of services as we continue to be a leading power transmission and distribution services provider. We expect that this transaction will position United Utility as one of the top 10 specialty contracting firms serving the utility market based upon the latest ENR rankings,” said United Utility Services CEO Ali Azad.
Related News
From Archive
- DeLa Express seeks FERC approval for Permian-to-Louisiana gas pipeline project
- OSHA penalizes Houston contractor over safety violations resulting in worker's death
- Fiber infrastructure has no known expiration date, Fiber Broadband Association research concludes
- Nevada OSHA fines Elon Musk's Boring Company over safety violations in Vegas tunnel project
- Damage prevention and safety: Turning awareness into action
Comments