M&A Deal Summary

BHI Energy Acquires Coastal Electrical Construction

On August 11, 2020, BHI Energy acquired utilities company Coastal Electrical Construction

Acquisition Highlights
  • This is BHI Energy’s 1st transaction in the Utilities sector.
  • This is BHI Energy’s 5th transaction in the United States.
  • This is BHI Energy’s 1st transaction in Alabama.

M&A Deal Summary
Date 2020-08-11
Target Coastal Electrical Construction
Sector Utilities
Buyer(s) BHI Energy
Deal Type Add-on Acquisition
Advisor(s) Beggs & Lane (Legal)

Target

Coastal Electrical Construction

Flomaton, Alabama, United States
Coastal Electrical Construction is a maintenance and specialty services provider focused on integrated services from the point of generation through the entire electrical delivery system to the residential meter. BHI's comprehensive services include Transmission & Distribution Services, and Specialty Maintenance & Modification Services to the power generation industry.

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Buyer(S) 1

Buyer

BHI Energy

Weymouth, Massachusetts, United States
Category Company
Founded 1979
Sector Business Services
DESCRIPTION

BHI Energy is a provider of on-site specialty maintenance, radiation protection, and staffing services to the power-generation industry. BHI’s business model is proven to build longstanding relationships with customers through the alignment of operating objectives and the ability to help customers effectively manage and service their assets across power generation, oil & gas, and electricity transmission and distribution sectors. BHI Energy was founded in 1979 and is based in Weymouth, Massachusetts.

DEAL STATS #
Overall 5 of 5
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Alabama) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Plaska Transmission Line Construction

Amarillo, Texas, United States

Plaska Transmission Line Construction LLC is a fully licensed electrical contractor providing distribution, transmission, and storm restoration services for customers throughout Texas, Arizona, Kansas, New Mexico, and Oklahoma. Plaska Transmission Line Construction LLC is based in Amarillo, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 BHI Power Delivery

Florida, United States

BHI Power Delivery provides comprehensive and innovative offerings supporting power infrastructure investment across all transmission, substation, distribution, and grid hardening projects, from engineering and construction to maintenance, live-line work, and storm response. BHI Power Delivery is located in Florida, Texas, Alabama, New York, and Oklahoma.

Sell -
Mergr

Product

Company

Legal