Core Insights - BCP has agreed to sell its stake in Brown & Root Industrial Services, a provider of specialty industrial services, while KBR, Inc. will retain a significant stake in the company [1][2]. Company Overview - Brown & Root Industrial Services has nearly 100 years of experience in the industrial services sector, serving blue-chip customers across various segments including chemicals, energy, manufacturing, and government [2][6]. - The company has over 10,000 employees and operates 22 locations across the U.S., Mexico, and Canada [2]. Partnership and Growth - The partnership between BCP and Brown & Root Industrial Services has been pivotal in the company's growth over the past decade, enhancing its reputation and capabilities [3]. - BCP's investment strategy focuses on supporting world-class management teams and executing shared growth visions, which has positioned Brown & Root as a leading industrial services provider in North America [3]. Transaction Details - The transaction is expected to be completed in late Q3 or early Q4 of 2025, pending customary closing conditions and approvals [3]. Financial Advisory - Houlihan Lokey is acting as the financial advisor, while Kirkland & Ellis LLP serves as the legal advisor to BCP in this transaction [4]. BCP Overview - BCP is a private equity management firm established in 2013, with over $5 billion in assets under management, focusing on creating sustainable value in services and infrastructure businesses [5].