TechServ Acquired by Bernhard Capital Partners to Bolster Utility Engineering Platform
Deal News | Jun 02, 2025 | Bernhard Capital Partners Mana
Bernhard Capital Partners (BCP), a private equity firm with a focus on services and infrastructure, has acquired TechServ, a prominent utility service provider. This acquisition marks the establishment of BCP's new platform aimed at enhancing utility engineering and consulting services. TechServ, founded in 1992 and headquartered in Tyler, Texas, operates across 21 states with over 850 employees. The company is known for offering construction oversight, utility and telecommunication engineering, and other related services to power utilities and telecom asset owners. The acquisition aligns with BCP’s strategy to invest in essential infrastructure by leveraging TechServ’s capabilities to support grid modernization and expansion. The move comes in response to the growing demand for power and data, driven by advancements in AI and digital infrastructure. Both companies view the partnership as a means to accelerate growth and expand capabilities in a rapidly evolving utility industry. With BCP's backing, TechServ aims to lead in infrastructure service delivery, supporting the increasing need for system upgrades and grid enhancement.
Sectors
- Private Equity
- Utilities & Infrastructure
- Telecommunications
Geography
- United States – TechServ operates across 21 states in the U.S. and is headquartered in Texas, which is the primary geography of its operations.
Industry
- Private Equity – The acquisition of TechServ by Bernhard Capital Partners is a strategic move in the private equity space where firms invest in companies to create value.
- Utilities & Infrastructure – The operation involves companies focused on engineering and consulting services for utility infrastructure, specifically in the electric power and telecommunications sectors.
- Telecommunications – TechServ's role includes telecommunication design and oversight, which positions this deal within the telecommunications industry.
Financials
- $5 billion – Bernhard Capital Partners has approximately $5 billion of assets under management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bernhard Capital Partners | Buyer | Company | A private equity firm focusing on services and infrastructure businesses. |
| TechServ | Target Company | Company | A utility service provider specializing in engineering, oversight, and telecommunication services. |
| Mark Spender | Partner at Bernhard Capital Partners | Person | He made a statement about the acquisition’s strategic alignment with BCP’s investment blueprint. |
| Randall Wisenbaker | CEO of TechServ | Person | He commented on the partnership’s potential to accelerate growth and expansion for TechServ. |