BEIS combines portfolios for a bigger service footprint
KENNESAW, Ga. — Brand Energy & Infrastructure Services (BEIS) recently completed one merger and one acquisition.
Brand has acquired multi-craft industrial services provider Gregg Industries Inc. and its affiliate companies. Gregg and affiliates, including Merico Abatement Contractors Inc., started as insulation, asbestos abatement and heat tracing service companies. Their addition to Brand will strengthen its capabilities as a specialty services contractor, while adding a new service to Brand’s portfolio, electrical heat tracing. Gregg’s trained professionals provide turnkey design and installation of heat trace systems nationwide.
“A privately-owned operation, Gregg Industries has successfully grown into a strong business in our industry and with the same focus as Brand, which is to consistently deliver clients with safe, reliable and quality solutions and outstanding customer service,” said Brand Energy Solutions LLC President Mark Neas. “The addition of Gregg will be a great support to our goals and I believe the combination of the services will create value for both companies’ existing client bases.”
In addition, Brand has also recently completed transactions with Clayton, Dubilier & Rice (CD&R) and Harsco Corp. to combine Harsco’s Infrastructure business with Brand. CD&R funds will hold a majority position in the new company, which will operate under the Brand Energy & Infrastructure Services name and generate approximately $3 billion in pro forma revenues. This transaction combines two leading specialized services businesses to the global energy, industrial and infrastructure markets, creating a market leader with longstanding customer relationships and well-recognized brands.
Posted: January 9, 2014