One Equity Partners Sells BRUSH Group's Power Distribution Business

Deal News | Jun 24, 2025 | One Equity Partners

One Equity Partners (OEP), a private equity firm specializing in the middle market, has entered into a definitive agreement to sell BRUSH Group's Power Distribution business. The terms of the private transaction have not been disclosed. OEP previously carved out BRUSH from Melrose Industries and successfully divested BRUSH's Power Generation business to Baker Hughes in 2022. BRUSH, founded in 1889 and based in Loughborough, UK, offers OEM design, assembly, and aftermarket services for electrical power generation and distribution equipment across various sectors, including utilities, industrial applications, and renewable energy. Under OEP's four-year ownership, BRUSH's EBITDA more than doubled, supported by seven strategic acquisitions. OEP's investment strategy focused on M&A-driven growth, operational excellence, and transforming BRUSH into a robust standalone entity. OEP is a distinguished private equity firm, known for its investment expertise in the industrial, healthcare, and technology sectors in North America and Europe, with over 400 transactions completed since 2001.

Sectors

  • Private Equity
  • Power Distribution and Generation
  • Mergers and Acquisitions (M&A)

Geography

  • United Kingdom – BRUSH Group is headquartered in Loughborough, United Kingdom, and it primarily operates within the UK, providing electrical solutions and engineered products.
  • North America and Europe – One Equity Partners operates in these regions, highlighting its geographical investment focus and the locations of its offices.

Industry

  • Private Equity – The article relates to the activities of One Equity Partners, a private equity firm, and its investment strategies, showcasing its role in the acquisition, management, and sale of business entities like BRUSH Group.
  • Power Distribution and Generation – BRUSH Group, the company being sold, operates within the power distribution and generation sector, providing equipment for electrical power systems across various markets.
  • Mergers and Acquisitions (M&A) – The narrative revolves around strategic M&A activities undertaken by One Equity Partners, including the carving out and subsequent selling of various divisions of BRUSH Group.

Financials

  • Undisclosed – The financial terms of the sale of BRUSH Group's Power Distribution business were not disclosed.
  • Doubled EBITDA – Under One Equity Partners' ownership, BRUSH Group more than doubled its EBITDA, indicating significant financial growth.

Participants

NameRoleTypeDescription
One Equity PartnersSellerCompanyA middle market private equity firm specializing in the industrial, healthcare, and technology sectors within North America and Europe.
BRUSH GroupTarget CompanyCompanyA company providing electrical power generation and distribution equipment, headquartered in Loughborough, United Kingdom.
Melrose IndustriesPrevious Parent CompanyCompanyThe former parent company from which BRUSH Group was carved out by One Equity Partners.
Baker HughesBuyer of Power Generation businessCompanyAcquired BRUSH's Power Generation business from One Equity Partners in October 2022.
Steve LunauPartner at One Equity PartnersPersonA partner at One Equity Partners involved in the statements regarding their investment strategy and outcomes for BRUSH Group.
Ori BirnboimPartner at One Equity PartnersPersonA partner at One Equity Partners who discussed value creation strategies for BRUSH Group.
Nicolas PitratCEO of BRUSH GroupPersonCEO of BRUSH Group, commented on the strategic growth and transformation under OEP's ownership.