One Equity Partners (OEP), a middle-market private equity firm, will invest in Brown & Root Industrial Services, with existing investor KBR retaining a significant stake.
Based in Baton Rouge, Brown & Root provides specialty industrial services, including maintenance, turnarounds, construction, and soft craft, serving major clients across the chemicals, energy, manufacturing, and government sectors. The company employs over 10,000 people at 22 U.S. locations, mainly in Texas and the Gulf Coast. Industry trends, including aging infrastructure and skilled labor shortages, are expected to support market growth.
The deal is set to close in late Q3 or early Q4 2025, pending approvals; financial details were not disclosed.
Support: Sidley Austin provided legal counsel, KPMG provided financial advice, Guggenheim Securities provided financial advisory services, and Arnovia LP provided commercial advice to OEP. Baker McKenzie advised KBR.
KEY QUOTES:
“Brown & Root Industrial Services is a trusted service provider for infrastructure maintenance and major capital expansion projects within the large North American industrial services sector. As the market continues to benefit from structural tailwinds, the Company is well-positioned for growth. We see a plethora of opportunities to enhance capabilities, tap into adjacent markets, and expand our footprint in North America and around the world.”
Ante Kusurin, Partner at One Equity Partners
“We are pleased to embark on this new partnership with One Equity Partners as we seek to continue growing our operations. OEP’s industry expertise and experience executing transformational combinations will help build on our recent success and accelerate Brown & Root Industrial Services’ growth trajectory.”
Andy Dupuy, CEO of Brown & Root Industrial Services
“We are excited to partner with KBR, one of the world’s leading companies in science, technology and engineering, aerospace, defense, industrial, intelligence, and energy industries. Together with KBR and the Brown & Root Industrials Services management team, we aim to build a global OpEx industrial services platform that is better positioned to serve its blue-chip customer base and capitalize on long-term growth opportunities.”
Ante Kusurin, Partner at One Equity Partners
