Brand Energy Takes Reins of Protherm Services Group
Brand Energy & Infrastructure Services, Inc., a portfolio company of First Reserve Corporation, announced that it has acquired Protherm Services Group, LLC. The acquisition further strengthens Brand's position as one of the leading specialty service providers on the Gulf Coast. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Protherm. Locke Liddell & Sapp and Pagel, Davis & Hill provided legal counsel to Protherm, while ENSR Corporation provided environmental advice.
"Brand's acquisition of Protherm is a strategic infrastructure development for the important Gulf Coast industrial marketplace. The Gulf Coast market is fragmented and its large integrated industrial complexes no longer want the managerial complications or security issues associated with being serviced by a wide variety of third-party specialty service providers, each offering a single or narrow service,'' said Paul Weisbrich, senior managing director, RSM EquiCo Capital Markets.
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Weisbrich, together with vice president Brad Schreiber, led the deal team.
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