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Kirkland & Ellis has advised Bernhard Capital Partners in its latest move to strengthen U.S. infrastructure, an acquisition of TechServ, a trusted name in utility engineering and telecom support services.
The deal marks the creation of a new platform under Bernhard Capital’s wing, one aimed at helping power and telecom providers modernize and expand their networks in response to surging demand for electricity and data.
TechServ, which got its start in Tyler, Texas back in 1992, has grown into a significant player in the utility services space.
With a footprint in 21 states and a team of more than 850 employees, the company works closely with utility and telecom providers on everything from construction oversight to engineering design, joint use coordination, and storm response.
“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.”
"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.” said Mark Spender, Partner at Bernhard Capital.
TechServ CEO Randall Wisenbaker said:
“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."
"This partnership positions TechServ to lead in a rapidly evolving infrastructure landscape, and we are excited to begin this next chapter of growth.”
The Kirkland & Ellis team advising Bernhard Capital included corporate attorneys Bill Benitez, Alec Manzer, Brennon Nelson, and Dakota Priest. Tax guidance was provided by Mark Dundon and Grace Nielsen, while Lucas Spivey, Charles Martin, Kirby Swartz, and Chris Ooley handled debt finance matters.
Bernhard Capital Partners is a private equity management firm specializing in services and infrastructure investments. Established in 2013 and headquartered in Baton Rouge, Louisiana, the firm focuses on acquiring, operating, and growing middle-market businesses critical to infrastructure sectors. With over $4 billion in assets under management, Bernhard Capital Partners leverages its operational expertise to create sustainable value across its portfolio companies.
Kirkland & Ellis is a leading global law firm known for its excellence in M&A, corporate law, litigation, intellectual property, and private equity. With offices in key financial centers worldwide, the firm advises clients across a broad range of industries. Recognized for its work on high-stakes transactions and disputes, Kirkland delivers innovative legal strategies backed by deep industry knowledge. Its focus on complex deals and cutting-edge solutions positions it as a trusted advisor in the global legal market.
