Bernhard Capital Partners Management’s $40 Million Acquisition Of Allied Power Holdings

Vinson & Elkins LLP advised Charah Solutions, Inc. on the deal.

Charah Solutions, Inc. (the “Company”) announced the sale of Allied Power Holdings, LLC, its subsidiary engaged in maintenance, modification and repair services to the nuclear and fossil power generation industry, to an affiliate of Bernhard Capital Partners Management, LP, the Company’s majority shareholder, in an all-cash deal for $40 million.

The V&E corporate team was led by partner John Kupiec (Picture) with senior associate Abby Branigan and associate Matt Usdin and assistance from senior associate Stancell Haigwood. Also advising were partner Darin Schultz, senior associate Zach Rider and associate Derrik Sweeney; counsel Julia Petty; and partner Lina Dimachkieh and senior associate Paige Anderson.

Involved fees earner: Paige Anderson – Vinson & Elkins LLP; Abby Branigan – Vinson & Elkins LLP; Lina Dimachkieh – Vinson & Elkins LLP; Stancell Haigwood – Vinson & Elkins LLP; John Kupiec – Vinson & Elkins LLP; Julia Petty – Vinson & Elkins LLP; Zach Rider – Vinson & Elkins LLP; Darin Schultz – Vinson & Elkins LLP; Derrik Sweeney – Vinson & Elkins LLP; Matthew Usdin – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Charah Solutions, Inc.;

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Author: Ambrogio Visconti