Wed, 25 Jun 2025 | BUSINESS NEWS
BRUSH Group, an engineering company working on the transition to net zero, has been acquired by US private equity firm Greenbelt Capital Partners. The acquisition provides an exit for One Equity Partners, which began backing BRUSH Group in 2021.
Greenbelt Capital Partners has signed a definitive agreement to acquire BRUSH Group, which provides power transformers, electrical switchgear and engineering services for the transition to net zero.
The group is headquartered in Loughborough and operates from multiple sites across the UK, as well as in Italy. With a history dating back nearly 150 years, the group is well-established in its industry, generating revenue of around £150 million annually.
BRUSH Group Chief Executive Nicolas Pitrat said that the deal represented a “brilliant opportunity” for the group and that Greenbelt are “committed to supporting us as we continue to build on our enviable reputation for engineering excellence and technical know-how.”
He continued: "What makes this deal genuinely exciting is that Greenbelt has a wealth of expertise in the energy sector and are experts on growing businesses operating within the energy transition."
Pitrat said that One Equity Partners had been “transformative” for the group over the past four years and added: "We now look to the future with a new partner who are primed and ready to take us to the next level as we continue to deliver ever-more innovative and customer-focused solutions."
Greenbelt partner Andy Hopping said: "Grid enablement and energy resilience are core themes at Greenbelt. We believe BRUSH plays a vital role in enabling the UK’s evolving electricity infrastructure—providing the equipment and engineering expertise needed to integrate renewables, upgrade aging assets, and meet rising demand.”
"We are excited to partner with BRUSH’s seasoned leadership team and bring our sector experience to help support the company’s next phase of growth."
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