BRUSH Group, a Loughborough-based engineering solutions provider for UK electrical infrastructure projects, is set to be acquired by funds managed by Greenbelt Capital Management L.P., from funds managed by OEP Capital Advisors, L.P (One Equity).
BRUSH has contributed to the UK’s electrical energy infrastructure for almost 150 years and operates from multiple locations across the UK as well as in Italy.
BRUSH is a provider of power transformers, electrical switchgear, and engineering solutions for the transition to net zero, and this transaction will see the firm build on the strong and sustained growth it has achieved in recent years, with reported revenue of circa £150 million annually.
Nicolas Pitrat, CEO of BRUSH, said: “This deal represents a brilliant opportunity for BRUSH. From the outset, Greenbelt has liked what we do, and they are committed to supporting us as we continue to build on our enviable reputation for engineering excellence and technical know-how.
“What makes this deal genuinely exciting is that Greenbelt has a wealth of expertise in the energy sector and are experts on growing businesses operating within the energy transition.
“On behalf of the BRUSH team, I would like to thank One Equity, who have been transformative for BRUSH over the last four years. We now look to the future with a new partner who are primed and ready to take us to the next level as we continue to deliver ever-more innovative and customer-focused solutions.”
Andy Hopping, partner at Greenbelt, said: “Grid enablement and energy resilience are core themes at Greenbelt. We believe BRUSH plays a vital role in enabling the UK’s evolving electricity infrastructure—providing the equipment and engineering expertise needed to integrate renewables, upgrade aging assets, and meet rising demand.
“We are excited to partner with BRUSH’s seasoned leadership team and bring our sector experience to help support the company’s next phase of growth.”
Speaking on behalf of One Equity, Ori Birnboim, partner, said: “One Equity is proud to have supported BRUSH through a remarkable journey of strategic growth since 2021.
“We thank Nicolas, the entire management team, and all of BRUSH’s employees for their unrelenting commitment to delivering best-in-class solutions for customers while keeping to their core values of safety, quality, and customer satisfaction.”
