Tampa, Florida (PRWEB) August 19, 2014
Washington Partners, LLC is pleased to announce that ESI Group, Inc. has been acquired by Brace Industrial Group.
ESI Group, Inc., is a family owned and operated business serving customers throughout the Southeast United States. ESI is an industrial insulation, scaffolding and sheet metal contractor offering comprehensive service in insulation, lagging, boiler repair, and all related support elements. ESI’s primary customer is power-generating facilities in Florida and throughout the Southeast United States. ESI possesses more than 200 years combined experiences in a complete array of powerhouse maintenance, mechanical and plant support services.
Brace Industrial Group is a portfolio company of Sterling Partners based in Chicago, a growth oriented investment firm with more than $5 billion of assets under management. Brace Industrial Group is a leader in providing scaffolding, insulation, painting, coating, and fire-proofing services to a variety of leading industrial clients. The Company serves the energy, petrochemical, manufacturing and agricultural sectors. Brace Industrial Group is based in Houston, TX.
George Chaconas, Managing Partner at Washington Partners stated, “Family owned and operated for decades, it was key for us to help the family find a succession plan for key management and also realize a liquidity event.”
Washington Partners, LLC founded in 1999, provides intermediary services such as mergers, acquisitions, divestitures, valuations, and transactions consulting for lower-middle market business owners. Their client base has included public and private companies, investor groups, and management buyout groups throughout the world. The advisors at Washington Partners were the exclusive advisors to ESI Group, Inc.
For more information about the services offered by Washington Partners, visit http://www.washingtonpartners.com or stop by their headquarters at 2102 West Cleveland Street in Tampa, FL 33606.