Harvest Partners Completes Sale of BHI Energy

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today that it has completed the sale of BHI Energy, Inc. (“BHI Energy” or the “Company”) to AE Industrial Partners, a Florida-based private equity firm. Terms of the transaction were not disclosed. For over 35 years, BHI Energy has provided critical on-site services necessary to support the daily operations, routine maintenance and capital investment requirements for the power generation, oil & gas and electricity transmission & distribution end markets. The Company’s broad service offering enables it to be an embedded provider of choice to a diverse customer base comprised of blue-chip utility and energy companies. The Company’s service offering includes highly specialized maintenance services, full-service radiation protection services and staffing solutions.Michael DeFlorio, Senior Managing Director of Harvest Partners, said: “We enjoyed working closely with Bob Decensi and the BHI Energy executive team to build a market leading provider of specialty services in the utility and energy sectors. We look forward to watching the Company continue to flourish as it enters a new phase of development in partnership with AE Industrial Partners.”Bob Decensi, CEO of BHI Energy, said: “Harvest has been an exceptionally supportive partner, delivering valuable financial and operational guidance that leaves us well-positioned as we move into our next phase of growth.”