North American Substation Services

We are pleased to announce that Brookwood Associates advised North American Substation Services, a portfolio company of Palm Beach Capital, on the sale of the company to BBH Capital Partners and management. NASS is a leading provider of outsourced field services to high voltage electric substations, with expertise in the assembly, repair and maintenance of nearly all makes of transformers, breakers and switches.

The aging electrical infrastructure in the U.S., coupled with a continued trend toward outsourcing, has created substantial growth opportunities. As a result, the utility services industry continues to attract strong interest from both private equity investors and strategic acquirers. The sale of NASS is Brookwood’s fifth advisory engagement in the utility services industry and seventh business services transaction in the past twelve months.

This transaction yielded attractive results for all of the stakeholders including liquidity for Palm Beach Capital, partial liquidity for management and a valuable new partner focused on accelerating NASS’s growth.