North American Substation Services
North American Substation Services is the largest independent field services company servicing the high voltage substation industry in the United States. The Company specializes in providing assembly, repair and maintenance services on most all makes of transformers and breakers used in the T&D infrastructure.
Engagement Goals
Brookwood Associates advised the shareholders of NASS, including Management and Palm Beach Capital, on its a sale to BBH Capital Partners, a New York-based private equity firm, and Management.
Engagement Process and Outcomes
Brookwood Process - After several approaches by potential pre-emptive strategic buyers, Brookwood advised the shareholders to pursue a sale process including strategic acquirors and private equity groups. NASS generated substantial market interest based on its strong customer relationships, industry reputation and attractive industry characteristics.
Excellent Results - The transaction achieved Management and Palm Beach Capital's liquidity goals and
succeeded in identifying an attractive new partner for Management to help execute on its strong pipeline of growth opportunities.
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North American Substation Services - advised this provider of outsourced field services to the utility industry in its sale to BBH Capital Partners
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"The sale of NASS represents the third transaction that Palm Beach Capital has completed with Brookwood. We continue to be impressed by the caliber of service and the amount of focus from the senior deal team members that we've come to expect from a Brookwood process. We look forward to continuing our relationship with the team on other opportunities."
Michael Chalhub Senior Vice President, Palm Beach Capital |
