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Looks like Jim Bernhard is about to start buying up some bidnesses
Posted on 6/7/16 at 9:59 am
Posted on 6/7/16 at 9:59 am
Bernhard Capital Partners Management, a Louisiana-based private equity firm focused on the energy services space, has raised over $750 million in capital commitments for its debut fund. LINK
5
Posted on 6/7/16 at 10:02 am to lilsnappa
Didn't he bring Brown and Root back to BR?
Posted on 6/7/16 at 10:42 am to tigeraddict
Yea. He bought MCC already
This post was edited on 6/7/16 at 10:43 am
Posted on 6/7/16 at 10:45 am to Mr.Perfect
...and E.P. Breaux Electrical
Posted on 6/7/16 at 10:52 am to Ziggy
a number of companies are under his Bernhard LLC umbralla:
LINK
LINK
quote:
Bernhard LLC is made up of several smaller companies, including Bernhard Mechanical Contractors, TME Engineering, E.P. Breaux Electrical, Craig Hebert Engineering and MCC Group.
Other portfolio companies owned by BCP include ATC, Brown and Root, and Epic Piping.
This post was edited on 6/7/16 at 10:56 am
Posted on 6/7/16 at 11:29 am to lilsnappa
Yeah, he's been going strong for a while.
I heard him speak a few weeks ago, great guy.
I heard him speak a few weeks ago, great guy.
Posted on 6/7/16 at 12:36 pm to lilsnappa
PLZ buy us!
Posted on 6/7/16 at 1:40 pm to tigeraddict
This is just the announcement of how much money is in the fund. Basically a Press Release to tell everyone they've got 3/4 of billion that they have to put to work for their LPs.
Posted on 6/7/16 at 1:59 pm to lilsnappa
He stole a few really good guys from Turner recently to run his Brown and Root turnaround and welding services as well as maintenance.
epic piping is going to be a game changer in the area. That shop is amazing.
Look for some more purchases in this industry by him really soon.
epic piping is going to be a game changer in the area. That shop is amazing.
Look for some more purchases in this industry by him really soon.
This post was edited on 6/7/16 at 3:11 pm
Posted on 6/7/16 at 6:00 pm to notiger1997
Epic has a distribution arm as well that will be selling pipe
Posted on 6/7/16 at 8:27 pm to lilsnappa
This whole scenario will go down as 2 case studies for MBAs. 1. The CB&I side will be a joke of what not to do. 2. BCP will be a case study of exactly what to do.
Posted on 6/8/16 at 12:15 am to Wasp
Buy low and sell high right?
Posted on 6/8/16 at 6:51 am to MLSter
Be careful what you ask for. If he buys your company, don't think your pockets will just start filling up.
Very smart man. He will pay, the least he can.
Very smart man. He will pay, the least he can.
Posted on 6/8/16 at 8:48 am to Wasp
quote:
This whole scenario will go down as 2 case studies for MBAs. 1. The CB&I side will be a joke of what not to do. 2. BCP will be a case study of exactly what to do.
I believe i read that Jim's "No Compete Clause" ended in March of 2015. IMO, CB&I should have got a 10 year no compete clause.
Posted on 6/8/16 at 10:16 am to tigeraddict
quote:
I believe i read that Jim's "No Compete Clause" ended in March of 2015. IMO, CB&I should have got a 10 year no compete clause.
Are 10 year non-competes even legal? I'm pretty sure for employer/ employee non-competes that 2 years is the legal limit
Posted on 6/8/16 at 7:17 pm to jennyjones
Really any non compete is very hard to enforce regardless of duration.
Posted on 6/8/16 at 10:13 pm to LSU999
quote:
He will pay, the least he can.
I'm not hearing this, at least not at the executive level.
He's hiring people that I think will advise him well on the market and how not to be a dumbass on paying the lowest wages.
Just attended a conference this week and confirmed what I have known, much of the downstream and petrochem construction industry is still going to be fighting for skilled craft through 2017 so wages will need to be in line.
This post was edited on 6/8/16 at 10:29 pm
Posted on 6/8/16 at 11:01 pm to tigeraddict
He bought 4 companies the day after and was quoted in the paper saying " we've been waiting for this a long time." Hasn't bought much lately but has built quite an army and has some impressive facilities being built.
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