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Charah Solutions Announces Sale of Allied Power Holdings for $40M

Deals & Cases
November 19, 2020

Vinson & Elkins advised Charah Solutions, Inc. (the “Company”) on the sale of Allied Power Holdings, LLC, its subsidiary engaged in maintenance, modification and repair services to the nuclear and fossil power generation industry, to an affiliate of Bernhard Capital Partners Management, LP, the Company’s majority shareholder, in an all-cash deal for $40 million.

The V&E corporate team was led by partner John Kupiec with senior associate Abby Branigan and associate Matt Usdin and assistance from senior associate Stancell Haigwood. Also advising were partner Darin Schultz, senior associate Zach Rider and associate Derrik Sweeney; counsel Julia Petty; and partner Lina Dimachkieh and senior associate Paige Anderson.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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