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 along with other affiliated Brace entities, and is a portfolio company of Sterling Partners, to BrandSafway, a portfolio company of Clayton, Dubilier & Rice and Brookfield Business Partners L.P.
BGL’s Environmental & Industrial Services investment banking team served as the exclusive financial advisor to Brace in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Houston, Texas, Brace is a leading national provider of multi-craft solutions, including scaffolding, insulation, fireproofing, heat tracing, industrial siding and decking, abrasive blasting, painting, specialty coatings, lead and asbestos abatement, concrete repair, and refractory services. The Company’s comprehensive capabilities enable it to offer one-stop solutions for its customers’ routine maintenance, turnaround, outage, and capital project needs. With more than 2,000 employees and 23 locations, Brace serves a diverse customer base in the power, petrochemical, commercial construction, and chemical markets.
BrandSafway is a leading global provider of access, specialized services, and forming and shoring solutions to the industrial, commercial and infrastructure markets. Through a network of 360 strategic locations across 30 countries and more than 38,000 employees, BrandSafway supports maintenance and refurbishment projects as well as new construction and expansion plans across its customer base.