M&A Deal Summary

United Utility Acquires BHI Power Delivery

On September 28, 2022, United Utility acquired business services company BHI Power Delivery from BHI Energy

Acquisition Highlights
  • This is United Utility’s 2nd transaction in the Business Services sector.
  • This is United Utility’s 4th transaction in the United States.
  • This is United Utility’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-09-28
Target BHI Power Delivery
Sector Business Services
Buyer(s) United Utility
Sellers(s) BHI Energy
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

United Utility

Charlotte, North Carolina, United States

Category Company
Sector Utilities
DESCRIPTION

United Utility is a utility services company focused on building a platform of providers with specialized expertise in underground power transmission and distribution services. United Utility is based in Charlotte, North Carolina.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Williams Electric

Shelby, North Carolina, United States

Williams Electric is a licensed contractor in North Carolina, South Carolina, Virginia, and Georgia, offering a full array of electrical and utility services, including overhead and underground power transmission and distribution, substation services, fiber optics, and storm restoration. The company primarily serves regulated utility customers, cooperatives, and municipal utilities throughout the southeast U.S. Williams Electric was formed in 1968 and is based in Shelby, North Carolina.

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Seller(S) 1

SELLER

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 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 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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