CD&R-backed Brand and Odyssey-backed Safway to merge

Brand Energy & Infrastructure Services, a portfolio company of Clayton, Dubilier & Rice and Safway Group, which is backed by Odyssey Investment Partners, have agreed to merge. No financial terms were disclosed. The combined entity will be an integrated industrial and commercial services company with CD&R holding the controlling stake. When the deal closes, Odyssey will exit Safway. Goldman Sachs served as lead financial adviser to Brand, with Barclays, ING Capital LLC and Peter J. Solomon Company, also providing additional financial advice. Debevoise & Plimpton LLP is legal adviser to Brand. And, Harris Williams & Co is serving as financial adviser to Safway.

DealsNorth AmericaUSBriefs