B. Riley Securities, a full-service investment bank, served as exclusive financial advisor to Lindsey Systems in connection with a majority equity investment from First Reserve, a global private equity firm.
First Reserve’s investment is intended to support Lindsey’s next phase of growth. Drawing on its experience across utility, power and engineered products markets, First Reserve will partner closely with Lindsey’s leadership team to advance a strategic growth plan that builds on the company’s brand, technical capabilities and customer relationships.
“B. Riley Securities was an invaluable partner in navigating this milestone for our family business,” Keith Lindsey said. “Their deep sector expertise and tireless advocacy ensured we found the right partner in First Reserve to honor our 79-year legacy, reinvest in our people and production facilities and best position the company to pursue identified growth initiatives. We couldn’t be more pleased with the BRS team’s guidance and the outcome they achieved for our stakeholders.”
Chris Ankley, managing director at B. Riley Securities, added, “Lindsey is one of the most trusted and innovative brands serving electric utilities, OEMs and power infrastructure operators. The founding family built a legacy of engineering excellence that is vital to the resilience of our modern electric grid. We are proud to have worked with Lindsey’s executive team to secure a private equity partner in First Reserve that honors that heritage and positions the business to capitalize on long term industry tailwinds.”
