Edgeview Partners, a CIT company, today announced that TEPSCO, L.P., a provider of engineering/consulting, construction and maintenance solutions to the midstream and downstream energy and industrial markets, was acquired by Bilfinger Berger Industrial Services AG (BIS), an international industrial services provider. Previously, TEPSCO was a portfolio company of Churchill Equity, Inc., a Minneapolis-based private equity investment firm. Churchill retained Edgeview to serve as its exclusive financial adviser during the transaction. Terms of the transaction were not disclosed.

“Our experience in the energy services space helped ensure the best outcome for Churchill Equity in their sale of TEPSCO,” said Edgeview Managing Director Drew Quartapella. “The transaction benefited from the success of TEPSCO’s management team, led by its CEO Marty Eckert and CFO Daren Austin, in building a company with an outstanding reputation among A-list energy clients. We wish them the very best as part of the Bilfinger Berger family.”

Marty Eckert, said, “Edgeview was selected as our advisor based on their deep energy industry knowledge, process expertise and relationships with a broad range of domestic and international buyers. The Edgeview team took the time to understand our business and correctly position the unique aspects of our story. Their dedication of resources and commitment throughout the process ensured an attractive outcome through a partnership with a leading European industrial services company that will help to accelerate our growth plans at TEPSCO.”

Securities and investment banking services were provided through CIT Capital Securities LLC, an affiliate of Edgeview Partners.

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About Bilfinger Berger AG

Bilfinger Berger AG (www.bilfingerberger.com), headquartered in Mannheim, Germany, is an international construction and services group. The company delivers comprehensive solutions in Germany and international markets in the areas of real estate, infrastructure and industrial services. Its business activities range from consulting, development, design, financing and turnkey construction, through to maintenance and operation.