Dallas-based Braemont Capital has acquired Colorado-based Loenbro LLC from Tailwind Capital in a deal that Braemont said represents a pivotal milestone in Loenbro’s trajectory.
Braemont is a relationship-driven investment firm that partners with exceptional companies at growth inflection points, while Loenbro is a provider of highly technical, specialized services to the data center, infrastructure, and diversified industrial markets.
“Loenbro is an exceptional company, and the sector dynamics represent a significant opportunity to scale the business, while maintaining the customer-first orientation that has been its hallmark,” Braemont Managing Partner Robert Covington said in a statement. “This investment represented one of the largest to date for Braemont, which was driven by our long history of investing in the data center and related markets.”
Terms of the deal were not disclosed.
Positioning for further growth
Braemont said the deal strategically positions Loenbro for continued growth through both organic and M&A-driven initiatives. Entering this new chapter, Loenbro said it remains steadfast in its commitment to quality and safety, and to being a trusted partner to their customers.
“We’ve built our culture and our business on the foundational principles of always treating people fairly and exceeding expectations, while maintaining our resolute commitment to safety and quality,” Loenbro President and CEO Daniel Cowan said in a statement. “I’m confident that Braemont is the right partner to support Loenbro’s next phase of growth, and their expertise in scaling service-based businesses will create efficiencies and drive value for our partners.”
Based in Westminster, Colorado, Loenbro provides lifecycle solutions with a focus on recurring maintenance and high-growth new build and retrofit work.
The company is a well-known single-source provider for its customers throughout the high-growth Mountain West, offering a comprehensive suite of critical services, including electrical, mechanical, and structural solutions, instrumentation, inspection, and other maintenance and construction-related services.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
In 2023, founders searching for venture capital found fewer investors and less money. Pitchbook reports that the number of U.S. deals in the first three quarters of 2023 was just slightly higher than the number made during the same period in 2018. In North Texas, it was a similar story. But even as investment markets have tightened, Dallas-based Beyond Capital is working to reverse that trend by investing in more startups. In the first quarter of 2024, it’s opening its third fund to new investors. Beyond Capital looks for startups in need of Seed to Series A investment. What…
-
Mobility startups from coast to coast—including those focused on innovative ideas to transport people or goods—are invited to apply. The unique accelerator program supports startups in the automotive ecosystem, ranging from AI-powered industry solutions and transportation infrastructure to dealer support and related services.
-
The newly established Texas Capital Foundation is following the first round of grant awards by opening again for new submissions this November.
-
A subsidiary of Boston-based Bain Capital Credit is backing the launch of Legacy Corporate Lending, a new asset-based lending company headquartered in Plano that will serve middle market companies that might not be able to readily access traditional forms of lending. “We are excited to establish this well-capitalized platform in partnership with Bain Capital Credit at a time when lending provides an essential solution to many companies,” Legacy Corporate Lending CEO Clark Griffith said in a statement. “We see a significant opportunity to leverage our combined credit investment and industry expertise to provide borrowers with flexible, solutions-oriented capital. We look…
-
Capital One partners with Dallas-Fort Worth universities to help first-gen students break down barriers to access and opportunity.
