Kirkland Advises Bernhard Capital Partners on Sale of Stake in Brown & Root Industrial Services
Kirkland & Ellis advised Bernhard Capital Partners (BCP), a services and infrastructure-focused private equity management firm, on its definitive agreement to sell its stake in Brown & Root Industrial Services (Brown & Root), a provider of non-discretionary, specialty industrial services. KBR, Inc. (NYSE: KBR), which partnered with BCP to establish Brown & Root in 2015, will continue to own a significant stake in the company. The sale is expected to be completed in late Q3 or early Q4 2025, subject to customary closing conditions and approvals.
The Kirkland team included corporate lawyers Michael Bassi, Michael Marek, Tyler Ambrose and Miles Matey; tax lawyers Mark Dundon and Rachel Malhiet; and executive compensation lawyers Stephen Jacobson, Katherine Nemeth and Anna Haynes.
