Harvest Partners Completes Sale of BHI Energy

NEW YORK–(BUSINESS WIRE)–Harvest Partners, LP (“Harvest”), a New York-based private equity firm,
announced today that it has completed the sale of BHI Energy, Inc. (“BHI
Energy” or the “Company”) to AE Industrial Partners, a Florida-based
private equity firm. Terms of the transaction were not disclosed.

For over 35 years, BHI Energy has provided critical on-site services
necessary to support the daily operations, routine maintenance and
capital investment requirements for the power generation, oil & gas and
electricity transmission & distribution end markets. The Company’s broad
service offering enables it to be an embedded provider of choice to a
diverse customer base comprised of blue-chip utility and energy
companies. The Company’s service offering includes highly specialized
maintenance services, full-service radiation protection services and
staffing solutions.

Michael DeFlorio, Senior Managing Director of Harvest Partners, said:
“We enjoyed working closely with Bob Decensi and the BHI Energy
executive team to build a market leading provider of specialty services
in the utility and energy sectors. We look forward to watching the
Company continue to flourish as it enters a new phase of development in
partnership with AE Industrial Partners.”

Bob Decensi, CEO of BHI Energy, said: “Harvest has been an exceptionally
supportive partner, delivering valuable financial and operational
guidance that leaves us well-positioned as we move into our next phase
of growth.”

About BHI Energy

With more than 35 years of experience, BHI Energy provides a variety of
on-site specialty maintenance and staffing services to the
power-generation industry. BHI has built longstanding relationships with
customers through aligning operating objectives and helping them
effectively manage and service their assets. For more information,
please visit www.bhienergy.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private
equity investment firm pursuing management buyouts and recapitalizations
of middle market companies in North America. Harvest focuses on
acquiring profitable companies in the industrial services, manufacturing
and distribution, business services and consumer, and healthcare
services sectors. This strategy leverages Harvest Partners’ 35 years of
experience in financing organic and acquisition-oriented growth
companies. For more information, please visit www.harvestpartners.com.

Contacts

Harvest Partners
Michael DeFlorio, 212-599-6300
or
Owen
Blicksilver Public Relations, Inc.
Caroline Luz, 203-656-2829
[email protected]