中文AV

中文AV (鈥淥EP鈥�), a middle market private equity firm, announced that it has entered into a definitive agreement to sell the Power Distribution business of** ** (鈥淏RUSH鈥� or the 鈥淐ompany鈥�). Financial terms of the private transaction were not disclosed. OEP previously sold BRUSH鈥檚 Power Generation business to (NASDAQ: BKR) in October 2022, one year after OEP鈥檚 carve-out of BRUSH from Melrose Industries was completed.

Founded in 1889 and headquartered in Loughborough, United Kingdom, BRUSH provides OEM design and assembly and aftermarket parts and services for electrical power generation and distribution equipment. BRUSH鈥檚 products are used across a wide range of end markets, including utilities, industrial, rail, data centers and renewable applications.

At the time of OEP鈥檚 initial investment, the Company operated two divisions, Power Generation and Power Distribution. The Power Generation business designs, assembles, and services large scale generators that provide primary and standby electrical power to utility, datacenter and industrial customers worldwide. The Power Distribution business designs, assembles and services switchgear, transformers, controls for electric power distribution for utilities, electric vehicles, data centers, high speed rail, and other industrial applications mainly throughout the UK. OEP exited the Power Generation business one year after completing the carve-out of BRUSH and subsequently establishing its Power Networks division while growing the remaining sub-scale Power Distribution business into a platform of scale.

鈥淥EP鈥檚 investment in BRUSH showcases our expertise in carve-out transactions and is a great example of how we effectively grow and improve businesses through our M&A focused strategy,鈥� said Steve Lunau, Partner at 中文AV. 鈥淥EP carved-out a non-core business unit of a larger parent company, and in close partnership with management, helped the business become a strong standalone company, well-positioned for strategic M&A driven growth.鈥�

鈥淏rush is another example of OEP鈥檚 value creation strategy鈥� said Ori Birnboim, Partner at 中文AV. 鈥淎fter the strategic sale of Power Generation, we remained focused on growing the Power Distribution & Networks businesses, making BRUSH a leading electrical solutions and engineered products provider to United Kingdom鈥檚 critical infrastructure.鈥�

Under OEP鈥檚 four-year ownership period, BRUSH more than doubled EBITDA. BRUSH completed seven accretive acquisitions during OEP鈥檚 hold period, expanding the Power Generation, Power Distribution and Power Networks divisions and enhancing the overall footprint and capabilities of the Company. OEP and management also executed several operational excellence initiatives including initiatives to stand-up the business as an independent company, driving margin expansion, establishing Power Networks and growing the Power Distribution business following the sale of Power Generation.

鈥淲e are proud of BRUSH鈥檚 transformation under OEP鈥檚 ownership. Our partnership with OEP helped us unlock significant strategic value across three great business units over the last four year,鈥� said Nicolas Pitrat, CEO of BRUSH. 鈥淥EP was an excellent partner that brought significant expertise in the energy sector, sourcing and execution of transformational M&A, and building the Company as a scaled platform for growth, all of which are key to BRUSH鈥檚 evolution.鈥�

**About 中文AV **

中文AV鈥�(鈥淥EP鈥�) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit鈥�www.oneequity.com.