M&A Deal Summary

Berkshire Partners Acquires Electric Power Engineers

On January 7, 2025, private equity firm Berkshire Partners acquired engineering company Electric Power Engineers from Lime Rock New Energy

Acquisition Highlights
  • This is Berkshire Partners’ 2nd transaction in the Engineering sector.
  • This is Berkshire Partners’ 91st transaction in the United States.
  • This is Berkshire Partners’ 12th transaction in Texas.

M&A Deal Summary

Date 2025-01-07
Target Electric Power Engineers
Sector Engineering
Buyer(s) Berkshire Partners
Sellers(s) Lime Rock New Energy
Deal Type Secondary Buyout
Advisor(s) AEC Advisors (Financial)

Target

Electric Power Engineers

Austin, Texas, United States
Electric Power Engineers (EPE) is a global advisory firm focused on planning, designing, and developing the infrastructure that supports the integrated grid of the future. With a mission centered on leveraging innovative technology to secure grid reliability, resiliency, flexibility, and affordability, it helps clients holistically address complex engineering and grid modeling challenges, bridging gaps and providing solutions to the evolving demands of our energy systems. Electric Power Engineers is based in Austin, Texas.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 103 of 104
Sector: Engineering 2 of 2
Type: Secondary Buyout 22 of 22
State: Texas 12 of 12
Country: United States 91 of 92
Year: 2025 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Parts Town

Addison, Illinois, United States

Parts Town is a distributor of genuine OEM restaurant equipment parts for the foodservice industry. Focused on delivering a unique customer service experience and website, Parts Town customizes solutions for both chain restaurants and food equipment service companies. Parts Town partners closely with the leading manufacturers of commercial cooking, refrigeration, ice, and beverage equipment to improve their parts supply chain, delight their customers, and grow genuine parts sales. Parts Town was founded in 1987 and is based in Addison, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 Triumvirate Environmental

Somerville, Massachusetts, United States

Triumvirate Environmental is a provider of waste management and environmental services to Healthcare, Education, Life Sciences, and Industrial markets on the east coast. Triumvirate Environmental was founded in 1988 and is based in Somerville, Massachusetts.

Buy -

Seller(S) 1

SELLER

Lime Rock New Energy

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 375M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Lime Rock New Energy is a private investment group focused on growth investments in companies that help customers improve energy efficiency. This includes renewable energy, energy efficiency products/services for industry, and transport electrification. The Firm principally targets opportunities in North America but will consider select global investments as well. Lime Rock New Energy is based in Westport, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Engineering 1 of 1
Type: Secondary Buyout 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Aperia Technologies

Burlingame, California, United States

Aperia Technologies innovates to make transportation more efficient, safer, and better for the environment. The company pairs Halo-branded self-powered tire pressure automation hardware with a machine-learning tire analytics platform to deliver powerful operational, safety, and environmental improvements that scale across vehicle architectures. Aperia offers the most comprehensive, user-friendly line-up of tire management solutions to commercial fleets worldwide, with nearly a million tires under management. Aperia Technologies is based in Burlingame, California.

Buy -