Westinghouse To Purchase BHI Energy

Private equity firm AE Industrial Partners,  a U.S.-based private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced it had agreed to sell BHI Energy to U.S. nuclear service giant Westinghouse Electric Company.  Terms of the transaction were not disclosed.

WestinghouseBased in Weymouth,  Massachusetts, BHI has provided ispecialty services to the power generation and electricity transmission distribution industries.

Westinghouse said the purchase, which adds 8,500 employees to its ranks on a seasonal basis, would help the company expand its global capabilities and expertise in nuclear plant maintenance and modification services, industrial, power delivery, and complementary renewables including solar, wind and hydro power.

“Creating customer value and supporting the complete lifecycle of nuclear operations is a key part of our strategy. Combining these complementary organizations will further strengthen our ability to serve the nuclear operating fleet through an expanded presence in our core business while setting a new standard in outage and maintenance efficiencies,” said Patrick Fragman, Westinghouse president and chief executive officer.

Anonymous comments will be moderated. Join for free and post now!