Bartlett, doing business as BHI Energy (BHI) has acquired D&D Power, a fully licensed and insured electrical contractor company providing distribution, transmission, and storm restoration services for customers in northeast and southern US.
Terms of the transaction, which closed on June 25, 2018, were not disclosed. BHI is a portfolio company of AE Industrial Partners, LP (“AEI”), a private investor in aerospace & defense, power generation, and specialty industrial companies.
D&D CEO and owner Darren Donohue and the senior management team will remain with the company. Based in Latham, NY, D&D is the contractor of choice for multiple major utilities in the Northeast.
The company specializes in installation, repair and maintenance services on overhead electrical power lines for utilities and industrial companies, as well as nationwide storm response. D&D also performs all types of electric distribution construction work, as well as substation construction from the ground up.
BHI CEO Bob Decensi said: “The acquisition of D&D Power will allow BHI Energy to expand our transmission and distribution service offerings, delivering optimal solutions and greater value to our clients.
“D&D has a superior reputation for dependable electrical contracting and major development projects, and is well-known for a commitment to safety, quality, customers, and employees. We look forward to partnering with Darren and his team to build on their tradition of excellence and to grow our overall suite of service offerings.”
D&D CEO Donohue said: “The D&D management team is excited to join BHI Energy, and to be continuing our growth and success in the transmission and distribution services industry with a new partner.
“We have long been an industry leader in providing safe and reliable services to our customers, and we look forward to serving new customers with an expanded presence throughout the East Coast as part of BHI Energy.”
Source: Company Press Release