Power shift for BRUSH in ownership deal

An energy engineering firm is set for new ownership.

Loughborough-based BRUSH Group Ltd, which has a reported annual turnover of around £150 million and provides power transformers, switchgear and engineering solutions for critical electrical infrastructure, has been acquired by funds managed by Greenbelt Capital Partners, following a definitive agreement with current owner One Equity Partners.

Bosses say the deal marks a “brilliant opportunity” for the long-established company, which has been supporting the UK’s energy network for nearly 150 years and operates from multiple locations across the country, as well as in Italy. 

They add that acquisition will help drive further growth and innovation in grid resilience and renewable energy integration, as demand for net-zero infrastructure continues to rise.

Nicolas Pitrat, chief executive 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.” 

Andy Hopping, Partner at Greenbelt, added: “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.”

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