Braemont Partner Jeff Volling [Photo: Braemont]

Dallas-based Braemont Capital has made its first partial exit with the sale of a majority stake in Loenbro, LLC, a technical services provider to the data center and critical infrastructure markets, to middle market private equity firm Kohlberg to expedite the company’s growth and expansion.

Braemont and Loenbro management are retaining significant equity interests. Financial terms of the transaction were not disclosed.

“Loenbro has grown meaningfully throughout the duration of our partnership, and we are pleased to remain a significant investor alongside Kohlberg and Loenbro management as the company enters into its next chapter,” Jeff Volling, partner at Braemont, said in a statement. “Our continued partnership reinforces our conviction in Loenbro’s ability to scale and extend the progress achieved during our ownership.”

It’s a busy time for Braemont Capital. Just last week we wrote about Braemont making an investment in Royal Cup Coffee & Tea, a 130-year-old family-owned business based in Birmingham, Alabama.

Growing critical infrastructure support services

Founded in 2000 in Westminster, Colorado, Loenbro offers mission-critical electrical, mechanical, and structural services to support essential infrastructure. Over the past several years, the company said it has expanded its geographic reach and capabilities through organic growth and strategic acquisitions, while “maintaining a strong commitment to exceptional customer service and employee safety.”

The partnership with Mount Kisco, New York-based Kohlberg is designed to expedite Loenbro’s continued growth. With a focus on partnering with best-in-class management teams, Kohlberg said it has built a decades-long track record of supporting infrastructure companies in meeting their customers’ needs while ensuring quality and safety.

“We’re thrilled to partner with Kohlberg as we pursue the next phase of our ambitious vision for Loenbro. This investment will strengthen our capabilities as we build a best-in-class national platform to deliver reliable outcomes for our customers across industries,” said Daniel Cowan, president and CEO of Loenbro. “We are grateful for Braemont’s support and look forward to their continued contributions to our business.”

Kohlberg leaders also focused on the importance of critical infrastructure services.

“Loenbro serves customers operating in complex, mission-critical environments across multiple disciplines where operational excellence and high-quality service is key,” Benjamin Mao, senior partner at Kohlberg, said in the statement. “As a strategic partner, we will focus on supporting Loenbro’s highly reliable service offerings, while helping the Company explore new avenues for growth to meet customers’ evolving needs.”

“Demand for data centers and critical infrastructure services continues to grow, and we expect its pace to accelerate,” said Ben Yu, partner at Kohlberg. “We believe Loenbro has established a strong business foundation and innovative culture and are we excited to support the management team on the next phase of its journey.”

Evercore and Kirkland & Ellis LLP served as financial and legal advisors to Loenbro, respectively. Harris Williams, KeyBanc Capital Markets and Stifel served as M&A advisors to Kohlberg, and Greenberg Traurig, LLP and Kirkland & Ellis LLP served as M&A and financing counsel, respectively, to Kohlberg. The transaction is subject to customary closing conditions and regulatory approvals.

Don’t miss what’s next. Subscribe to Dallas Innovates.

Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.

 

R E A D   N E X T

  • North Texas has plenty to see, hear, and watch. Here are our editors’ picks. Plus, you’ll find more selections to “save the date.”

  • Social entrepreneur Byron Sanders, a former nonprofit exec, is CEO of Arete Health, launched in January 2025. [Photo: Michael Samples]

    Creatives Care Dallas brings virtual care, behavioral health, 2,000+ medications with zero copay, and more to Dallas County’s gig workers. The community initiative is powered by Arete Health Shield in partnership with the Dallas Music Office.

  • nominate by sept 12, 2025, for The Innovation Awards 2026, presented by D CEO and Dallas Innovates

    D CEO and Dallas Innovates have expanded The Innovation Awards 2026 with more individual and company categories this year. Now is your chance to be part of the region’s defining recognition for innovators.

  • The board cited Catherine Cuellar's cross-sector experience and community focus in selecting her to succeed CEO Tony Fleo after more than a decade of his leadership.

    A familiar figure in Dallas arts, civic innovation, and public service, Cuellar will succeed longtime CEO Tony Fleo following a months-long search as Social Venture Partners Dallas plans its next 25 years.

  • Galvanize Sustainable Capital is fueling historic change with smart incentives—and growing its presence in North Texas. Partner Mandy Price is out front, drawing on her M&A and private equity experience and deep Dallas ties.