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Power & Utility Services
June 26, 2018
BHI Energy Announces the Acquisition of D&D Power

WEYMOUTH, MA – June 26, 2018 – Bartlett Holdings, Inc., dba BHI Energy (“BHI”), today announced that
it has acquired D&D Power Inc. (“D&D”), a fully licensed and insured electrical contractor company
providing distribution, transmission, and storm restoration services for customers throughout the
Northeast and Southern United States. Terms of the transaction, which closed on June 25, 2018, were not
disclosed. BHI is a portfolio company of AE Industrial Partners, LP (“AEI”), a private investor in aerospace
& defense, power generation, and specialty industrial companies.

D&D CEO and owner Darren Donohue and the senior management team will remain with the company.
Based in Latham, NY, D&D is the contractor of choice for multiple major utilities in the Northeast. The
company specializes in installation, repair and maintenance services on overhead electrical power lines
for utilities and industrial companies, as well as nationwide storm response. D&D also performs all types
of electric distribution construction work, as well as substation construction from the ground up.

“The acquisition of D&D Power will allow BHI Energy to expand our transmission and distribution service
offerings, delivering optimal solutions and greater value to our clients,” says BHI Chief Executive Officer
Bob Decensi. “D&D has a superior reputation for dependable electrical contracting and major
development projects, and is well-known for a commitment to safety, quality, customers, and employees.
We look forward to partnering with Darren and his team to build on their tradition of excellence and to
grow our overall suite of service offerings.”

D&D CEO Donohue added, “The D&D management team is excited to join BHI Energy, and to be continuing
our growth and success in the transmission and distribution services industry with a new partner. We
have long been an industry leader in providing safe and reliable services to our customers, and we look
forward to serving new customers with an expanded presence throughout the East Coast as part of BHI

About BHI Energy
Serving the power industry for almost 40 years, BHI Energy is a leading specialty and maintenance 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. BHI has a peak workforce of more than 8,000 employees
operating across 150 international project locations. BHI comprehensive services include Transmission
and Distribution Services, Specialty Maintenance and Modification Services, and Professional and
Technical Staff Augmentation.

About D&D Power
For more than 12 years, D&D Power has specialized in installing, repairing and performing maintenance
services on electrical power lines, with a safe, efficient, value-driven electrical contracting model. The
company has the ability to scale instantly to the needs of utility companies with union labor from one to
1,000. D&D is experienced in transmission projects from 69kV through 500 kV. The Company also
performs all types of electric distribution construction work as well as performing substation construction
from the ground up.

About AE Industrial Partners
AE Industrial Partners is a leading private equity firm specializing in control-oriented investments in
aerospace & defense, power generation, and specialty industrial businesses. 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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For BHI:
Varesha Mauney
(508) 591-1149

For AE Industrial:
Blicksilver Public Relations
Jennifer Hurson
(845) 507-0571

Carol Makovich
(203) 622-4781