Massachusetts-based maintenance and specialty services company BHI Energy has acquired Alabama-based utility services provider Coastal Electrical Construction, the company said.
BHI Energy is backed by private equity firm AE Industrial Partners, specializing in aerospace, defense and government services, power generation, and specialty industrial markets.
Coastal is a utility construction and maintenance company that is capable of working in all facets of the utility industry, but specializes in electric substation construction and maintenance providing turn-key solutions for utility substation needs.
Akerman LLP served as legal advisor and Berkeley Research Group, LLC served as financial advisor to BHI. Beggs and Lane, RLLP was the legal advisor for Coastal.
BHI is focused on integrated services from the point of generation through the entire electrical delivery system to the residential meter. BHI has a peak workforce of more than 8,500 employees globally. BHI´s comprehensive services include Transmission and Distribution Services, and Specialty Maintenance and Modification Services to the power generation industry.