BCP Completes Sale of Stake in Brown & Root Industrial Services

Rhea-AI Summary

BCP announced on October 6, 2025 that it has completed the sale of its stake in Brown & Root Industrial Services. Financial terms of the transaction were not disclosed.

BCP partnered with KBR (NYSE: KBR) in 2015 to establish Brown & Root Industrial Services. Under that partnership the business expanded to more than 22 locations across the U.S., Mexico, and Canada and grew to employ more than 10,000 people, serving chemical, energy, manufacturing, and government clients. Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP as legal advisor to BCP.

Insights

Private equity analyst

BCP closed a full exit of its Brown & Root Industrial Services stake; financial terms were not disclosed.

BCP completed the sale of its stake in Brown & Root Industrial Services on Oct 6, 2025, ending a partnership begun with KBR, Inc. in 2015. Under that partnership the business expanded to more than 22 locations across the U.S., Mexico, and Canada and grew to employ more than 10,000 people, outcomes that support the claim this was a realized investment for BCP’s limited partners. Houlihan Lokey and Kirkland & Ellis LLP advised the seller, which is consistent with a standard sale process.

Risks and dependencies are straightforward: the release discloses no transaction economics, so material value impact on stakeholders cannot be assessed from this text alone. Concrete items to watch are any subsequent disclosures of financial terms, regulatory filings or KBR communications that quantify proceeds or ownership changes, and any operational guidance from Brown & Root that may indicate post-sale strategic shifts; expect such follow-ups in the near term.

BATON ROUGE, La., Oct. 6, 2025 /PRNewswire/ -- BCP, a services and infrastructure-focused private equity management firm, today announced the successful closing of the previously announced sale of its stake in Brown & Root Industrial Services (the "Company"), a provider of non-discretionary, specialty industrial services. Financial terms of the transaction were not disclosed.

Since partnering with KBR, Inc. (NYSE: KBR) to establish Brown & Root Industrial Services in 2015, BCP has supported CEO Andy Dupuy and the leadership team in strengthening the Company's nearly 100-year legacy as a premier provider of specialty industrial services. Under this partnership, Brown & Root Industrial Services expanded its footprint to more than 22 locations across the U.S., Mexico, and Canada, grew to employ more than 10,000 people, and enhanced its reputation as the partner of choice for blue-chip customers in chemicals, energy, manufacturing, and government sectors.

"Brown & Root Industrial Services has been part of our story from the very beginning, and we've been fortunate to work alongside Andy and his team to build on the company's long track record of excellence," said Mark Spender, Partner at BCP. "This has also been a successful investment for our investors, underscoring the value that can be created by partnering with great management teams in essential services. In today's environment, where full exits are few and far between, we are especially pleased to have realized this investment on behalf of our limited partners. This transaction marks an exciting next chapter for Brown & Root, and we're confident the business is positioned to keep growing and delivering for its customers and employees."

Andy Dupuy, CEO of Brown & Root Industrial Services, added: "Over the past decade, BCP has been more than an investor — they've been a true partner in our evolution. Together we've expanded our footprint, strengthened our workforce, and enhanced the services we provide to our clients. I want to thank the BCP team for their support and guidance over the years, which has been instrumental to our success. As we move forward, we're proud of what we've accomplished and energized by the opportunities ahead."

Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP served as legal advisor to BCP.

About BCP
BCP is a services and infrastructure-focused private equity management firm established in 2013. BCP has deployed capital in five funds across several strategies and has over $5 billion in assets under management. BCP seeks to create sustainable value by leveraging its experience in acquiring, operating, and growing services and infrastructure businesses. For more information, visit bernhardcapital.com.

About Brown & Root Industrial Services
Brown & Root Industrial Services has been in the industry since the early 1900's and built a legacy synonymous with excellence in providing full-service solutions for every project phase of industrial facilities across the globe. Brown & Root Industrial Services offers a full range of industrial services in industrial engineering, construction, maintenance, turnarounds, soft crafts, and specialty services. Led by a core leadership team with many years of valuable experience and a singular focus on customer service, Brown & Root Industrial Services works with companies in the downstream, refining, petrochemical, chemical, pulp and paper, alternative fuels, clean energy, and manufacturing industries to execute projects, solve challenges, and achieve success. Learn more at www.brownandroot.com.

Media Contacts:
Ed Trissel / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

View original content:https://www.prnewswire.com/news-releases/bcp-completes-sale-of-stake-in-brown--root-industrial-services-302575513.html

SOURCE Bernhard Capital Partners Management, LP

FAQ

What did BCP announce on October 6, 2025 about Brown & Root Industrial Services?

BCP announced it completed the sale of its stake in Brown & Root Industrial Services; financial terms were not disclosed.

How is KBR (NYSE: KBR) related to the Brown & Root stake sale announced October 6, 2025?

BCP partnered with KBR in 2015 to establish Brown & Root Industrial Services; the sale closes that long‑running investment.

What operational scale did Brown & Root Industrial Services reach under BCP and KBR's partnership?

The company expanded to over 22 locations across the U.S., Mexico, and Canada and employed more than 10,000 people.

Were the financial terms of BCP's October 6, 2025 sale of Brown & Root disclosed?

No, the press release states that financial terms of the transaction were not disclosed.

Who advised BCP on the October 6, 2025 sale of its Brown & Root stake?

Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP served as legal advisor to BCP.