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Power & Utility Services
August 28, 2017
AE Industrial Partners Acquires BHI Energy

Boca Raton, FL – August 28, 2017 – AE Industrial Partners, LLC (“AEI”), a private equity
investor in aerospace, power generation and specialty industrial companies, announced that it has
acquired BHI Energy (“BHI”). Terms of the transaction, which closed today, were not disclosed.

For more than 35 years, BHI has provided industry-leading specialty services and staffing
solutions to the power generation, energy and government industries. BHI bundles its individual
offerings into a fully integrated platform, offering customers the quality of a specialty services
provider with the coordination and cost-savings of a fully integrated service provider.
Headquartered in Weymouth, MA, BHI’s workforce includes more than 8,500 experienced
project management and technical, professional and craft employees operating at more than 130
global project locations.

“We are excited to work with the outstanding team at AEI, and benefit from their deep and
unique experience partnering with specialty service providers in our end markets,” said Bob
Decensi, CEO of BHI Energy. “BHI is well-known for its commitment to safety, quality,
customers and employees. AEI brings additional expertise, relationships and financial resources
necessary to continue to grow our suite of service offerings we can provide to our customer

“With a long history in the nuclear power generation market, growing service offerings in the
renewables, transmission and distribution, and oil & gas markets, and a sterling reputation for
safety and quality, BHI is truly a premier service provider in the power generation sector,” said
Michael Greene, Managing Partner of AEI. “AEI looks forward to partnering with BHI to
accelerate its growth in the U.S. power generation and broader infrastructure markets.”

Kirkland & Ellis served as legal advisor to AE Industrial Partners. White and Case served as
legal advisor, and Robert W. Baird & Co. and Harris Williams & Co. served as financial advisors
to BHI.

BHI represents the fifth platform investment for AE Industrial Partners Fund I.

About BHI Energy
With more than 35 years of experience, BHI Energy has provided a variety of on-site specialty
maintenance, radiation protection and staffing services to the power-generation industry. BHI’s
business model is proven to build longstanding relationships with customers through the
alignment of operating objectives and the ability to help customers effectively manage and
service their assets across power generation, oil & gas, and electricity transmission and
distribution sectors. For more information, please visit

About AE Industrial Partners
AE Industrial Partners, LLC is a leading private equity investor specializing in control-oriented
investments in aerospace, power generation, and specialty industrial businesses and has strong
experience investing in businesses with similar capabilities and end-market exposure as BHI.
AEI invests in market-leading companies that can benefit from its deep operating experience,
industry knowledge, and relationships. Learn more at

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Carol Makovich
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Jennifer Hurson
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