Braemont Capital (a relationship-driven investment firm that partners with exceptional companies at growth inflection points) announced that it had acquired Loenbro (a provider of highly technical and specialized services to the data center, infrastructure, and diversified industrial markets) from Tailwind Capital. The financial terms were not disclosed.
Braemont’s investment represents a major milestone in Loenbro’s trajectory, strategically positioning the company for continued growth through both organic and M&A-driven initiatives. And as Loenbro enters this new chapter, the company remains steadfast in its commitment to quality and safety, and to being a trusted partner to their customers.
Based in Westminster, Colorado, Loenbro provides lifecycle solutions with a focus on recurring maintenance and high-growth new build and retrofit work. And the Company is a trusted single-source provider for its customers throughout the high-growth Mountain West, providing a comprehensive suite of critical services, including electrical, mechanical, and structural solutions, instrumentation, inspection and other maintenance and construction-related services.
With a track record of over 20 years, Loenbro is recognized for its significant industry and technical expertise, scale, local presence within an expansive footprint and employee-centric culture.
Stifel and BlackArch Partners served as financial advisors to Loenbro and Tailwind. And Davis Polk & Wardwell LLP served as legal counsel to Loenbro and Tailwind. Kirkland & Ellis LLP served as legal counsel to Braemont.
KEY QUOTES:
“We have built our culture and our business on the foundational principles of always treating people fairly and exceeding expectations, while maintaining our resolute commitment to safety and quality. I am confident that Braemont is the right partner to support Loenbro’s next phase of growth, and their expertise in scaling service-based businesses will create efficiencies and drive value for our partners.”
- Daniel Cowan, President and CEO at Loenbro
“Loenbro is an exceptional company and the sector dynamics represent a significant opportunity to scale the business, while maintaining the customer-first orientation that has been its hallmark. This investment represented one of the largest to date for Braemont, which was driven by our long history of investing in the data center and related markets.”
- Robert Covington, Managing Partner of Braemont
“We are incredibly excited to partner with Loenbro’s management team to continue to drive growth as a leading provider in the infrastructure services sector nationwide. We share the company’s core values and admire how Loenbro has leveraged its strong corporate culture and distinguished reputation to build enduring client partnerships, resulting in rapid growth and a significantly expanded addressable market.”
- Jeff Volling, Partner at Braemont
