RECENT RELEASES
Bartlett Holdings, Inc.-
Business
Bartlett Holdings, Inc. (“BHI”) was a leading specialty utility services company providing critical onsite services needed to support the daily operations, routine maintenance and capital investment requirements of nuclear, fossil and renewable power facilities, as well as government decommissioning projects.
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Harvest Partners Investment
In November 2010, Harvest purchased BHI with the existing management team. To fund the acquisition Harvest arranged the debt financing, which included a senior credit facility and a mezzanine note. In addition, Harvest underwrote and syndicated equity co-investment capital. Harvest sold its investment in BHI to AE Industrial Partners in September 2017.
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Investment Thesis
- Market leading business with significant barriers to entry
- Attractive operating model and strong cash flow
- Stable end markets
- Experienced, talented management team with established track record
