BBH Capital Partners Completes Investment in DynaGrid Holdings, LLC

January 13, 2021
  • Private Banking

DynaGrid is one of the largest independent providers of subgrade and sitework services for electric utility transmission infrastructure.

New York, NY, January 13, 2021  – BBH Capital Partners (BBHCP) today announced that it has completed a strategic growth investment in DynaGrid Holdings, LLC (DynaGrid) in partnership with the existing management team and founding owners. Headquartered in Dallas, DynaGrid is one of the largest independent providers of subgrade and sitework services for electric utility transmission infrastructure. The company performs essential and technical services that are required to upgrade, harden and expand transmission infrastructure. DynaGrid’s co-founders, Chief Executive Officer Charlie Ferrara and Chief Financial Officer Kendrew Witt, remain in their current roles and will continue to retain significant ownership in the company and serve on DynaGrid’s board of directors. In conjunction with BBHCP’s investment, Mark Roberts, founder and longtime CEO of North American Substation Services, Inc. (NASS), has joined the company’s board. BBHCP previously partnered with Roberts as an investor in NASS. DynaGrid was a portfolio company of CIC Partners, a Dallas-based middle-market private equity firm.

“We are pleased to work with the BBHCP team during an exciting period of growth. In addition to financial support, BBHCP brings valuable industry knowledge, expertise and relationships that allow us to pursue a number of attractive growth opportunities, which will help us better serve our customers,” said Ferrara.

“We are excited to have the opportunity to partner with Charlie, Kendrew and the DynaGrid team,” said Brad Langer, Managing Director of Brown Brothers Harriman & Co. (BBH) and Co-Manager of BBHCP. “DynaGrid is a best-in-class operator with a reputation for excellent service and safety, an entrenched and growing base of blue-chip customers and a strong management team with a proven track record of project execution.”

Mike Boylan, Managing Director of BBH and Co-Manager of BBHCP, added, “DynaGrid’s management team has grown the company to be a clear market leader. The BBHCP team is committed to providing financial and strategic resources to help DynaGrid continue to gain market share and capitalize on its next phase of growth.”

 

About DynaGrid Holdings, LLC

DynaGrid Holdings, LLC (DynaGrid) was founded in 2012 and provides integrated subgrade services to the utilities market. DynaGrid specifically delivers subgrade work associated with substations, switch stations and transmissions lines. DynaGrid is a trusted partner to both electric utilities and engineering, procurement and construction firms.

 

About BBH Capital Partners

BBH Capital Partners (BBHCP), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $50 million and $150 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations, buy-and-build strategies and acquisitions.

Brown Brothers Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries.This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners.© Brown Brothers Harriman & Co. 2021 All rights reserved.

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