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Cleveland, August 24, 2021/PRNewswire/ - Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Brace Industrial Group, Inc. (Brace), which includes Brace Integrated Services and Platinum Specialty Services and other affiliates The company's Brace entity, and a portfolio company of Sterling Partners, to the portfolio companies of BrandSafway, Clayton, Dubilier & Rice, and the environmental and industrial services investment banking team of Brookfield Business Partners LP BGL, acted as Brace's exclusive financial advisor in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Houston, Texas, Brace is a leading national supplier of multi-process solutions, including scaffolding, insulation, fire protection, heat tracing, industrial siding and decoration, sandblasting, painting, specialty coatings, lead and asbestos abatement , Concrete repair and refractory services. The company's comprehensive capabilities enable it to provide one-stop solutions for its customers' daily maintenance, turnover, power outages and capital project needs. With more than 2,000 employees and 23 branches, Brace serves a diverse customer base in the power, petrochemical, commercial construction and chemical markets.
BrandSafway is a leading global provider of access, professional services, and molding and support solutions for the industrial, commercial and infrastructure markets. Through a network of 360 strategic locations and more than 38,000 employees in 30 countries, BrandSafway supports maintenance and renovation projects as well as new construction and expansion plans for the entire customer base.
About Brown Gibbons Lang & Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial consulting company focused on the global middle market. The company advises private and listed companies and private equity groups on mergers and acquisitions, capital markets, financial restructuring, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve customers in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., which is a subsidiary of Brown Gibbons Lang & Company LLC, a registered broker-dealer and a member of FINRA and SIPC. For more information, please visit www.bglco.com.
SOURCE Brown Gibbons Lang & Company
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