Bernhard Capital Partners (BCP) has acquired TechServ, a provider of utility engineering and consulting services.
TechServ’s services include utility design engineering, construction oversight, joint use coordination, storm response support, and damage assessment services. The company was founded in 1992 by J.R. Staines and is today led by President and CEO Randall Wisenbaker.
TechServ is headquartered 100 miles east of Dallas in Tyler, Texas. The company has more than 850 employees and operates in 21 U.S. states, with facilities in the Gulf Coast, Southeast, and Midwest.
BCP’s acquisition of the company demonstrates the firm’s strategy to establish a platform in the sector to take advantage of the growing demand for infrastructure upgrades from both electric power and telecommunication utilities and their increasing reliance on third-party engineering and consulting providers.
“We are proud to partner with TechServ to build a best-in-class platform that will meet the growing needs of utilities and telecom providers across the country, driven by the rapidly rising demand for power and data,” said Mark Spender, a partner at BCP. “The company’s safety-first culture, leading technical capabilities, client-focused business model, and experienced leadership team make it an ideal platform investment aligned with BCP’s blueprint for investing in essential infrastructure services.”
“Our team has always focused on building a strong reputation for our commitment and service to our clients. Partnering with BCP will allow us to reinforce that commitment while accelerating our growth and expanding our capabilities,” said Randall Wisenbaker, CEO of TechServ. “This partnership positions TechServ to lead in a rapidly evolving infrastructure landscape, and we are excited to begin this next chapter of growth.”
Baton Rouge, Louisiana-headquartered Bernhard Capital is an energy services-focused private equity firm established in 2013 by Jim Bernhard and Jeff Jenkins. The firm has deployed capital through five funds and has approximately $5 billion of assets under management.
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