BCP has sold United Utility Services, a New Orleans-based electric utility infrastructure provider, to Sandbrook Capital in a deal that marks the private equity firm's third exit in recent months. The company, which supports utilities, cooperatives, and municipalities through the full asset lifecycle, was formed by BCP in 2018 as part of its strategy to build a scaled grid services platform.

No financial terms were disclosed for the transaction, but BCP's partner and chief investment officer Mark Spender emphasized the firm's disciplined approach in identifying market opportunities. The firm recognized early the need for a high-quality grid services platform to support significant capital investment in strengthening and expanding the U.S. power grid's resiliency. Under BCP's ownership, United Utility Services grew to become a market leader in electric utility infrastructure.

This exit represents continued momentum for BCP, which has now completed three dispositions in recent months. The sale to Sandbrook Capital positions United Utility Services for continued growth as the company capitalizes on ongoing infrastructure investments across the utility sector. The transaction underscores the strategic value of specialized infrastructure providers in an era of increasing grid modernization and resilience requirements.