Kirkland & Ellis LLP represented Bernhard Capital Partners (BCP) in its agreement to enter into two partnerships with KBR, Inc. (NYSE: KBR). The first agreement will establish a new, equally owned and managed Baton Rouge, La.-based company, Brown & Root Industrial Services. The company will also be comprised of WINK Engineering, a BCP portfolio company specializing in maintenance engineering design services to the refining, chemical/petrochemical, and bulk storage terminal industries. In addition to this partnership, EPIC Piping, a BCP portfolio company, plans to acquire KBR's Canadian pipe fabrication facility. KBR expects to receive approximately $32 million in net cash proceeds from the two transactions, which are expected to close prior to year end. The release can be found here.
The Kirkland team included corporate partners Andy Calder and William Benitez; and intellectual property partner Matthew Lovell.