BRUSH Group, a 150-year-old Loughborough engineering firm, has been bought by
Greenbelt Capital Management. The deal provides an exit for
OEP Capital Advisors (One Equity), which invested in BRUSH in 2021. BRUSH, which has annual revenues of around £150 million, operates from multiple locations across the UK as well as in Italy, and provides power transformers, electrical switchgear and engineering solutions for the transition to ‘net zero’.
Nicolas Pitrat, BRUSH Group’s CEO, said: “This deal represents a brilliant opportunity for BRUSH. From the outset, Greenbelt has liked what we do, and they are committed to supporting us as we continue to build on our enviable reputation for engineering excellence and technical know-how. What makes this deal genuinely exciting is that Greenbelt has a wealth of expertise in the energy sector and are experts on growing businesses operating within the energy transition.
“On behalf of the BRUSH team, I would like to thank One Equity, who have been transformative for Brush over the last four years. We now look to the future with a new partner who are primed and ready to take us to the next level as we continue to deliver ever-more innovative and customer-focused solutions.”
Andy Hopping, partner at Greenbelt, said: “Grid enablement and energy resilience are core themes at Greenbelt. We believe BRUSH plays a vital role in enabling the UK’s evolving electricity infrastructure—providing the equipment and engineering expertise needed to integrate renewables, upgrade aging assets, and meet rising demand. We are excited to partner with BRUSH’s seasoned leadership team and bring our sector experience to help support the company’s next phase of growth.”
Speaking on behalf of One Equity, Ori Birnboim, a partner, said: “One Equity is proud to have supported BRUSH through a remarkable journey of strategic growth since 2021. We thank Nicolas, the entire management team, and all of BRUSH’s employees for their unrelenting commitment to delivering best-in-class solutions for customers while keeping to their core values of safety, quality, and customer satisfaction.”