Braemont Capital, a Texas-based private investment firm founded by Robert Covington, a former Partner at RedBird Capital, has acquired Loenbro, a US construction services provider catering to the data centre, infrastructure and diversified industrial markets, from Tailwind Capital, a middle market private equity firm.
Financial terms of the deal have not been disclosed.
Loenbro is headquartered in Colorado and provides lifecycle solutions with a focus on recurring maintenance and high-growth new build and retrofit work. The company offers a suite of critical services including electrical, mechanical and structural solutions, instrumentation, inspection and other maintenance and construction-related services.
Stifel and BlackArch Partners served as financial advisors to Loenbro and Tailwind. Davis Polk & Wardwell served as legal counsel to Loenbro and Tailwind. Kirkland & Ellis served as legal counsel to Braemont.
