Bernhard Capital Partners has acquired a national advisory and program management company that focuses on schools, cities and nonprofits.
Terms of the deal with Brailsford & Dunlavey were not disclosed. The firm has worked with more than 1,000 clients, including the city of Washington, D.C., Rutgers University, the University of South Florida and the NBA's Atlanta Hawks. Locally, B&D is serving as the adviser on the restoration of the University Lakes System. The company's services include market analysis, project planning, construction oversight and improving operational efficiency.
B&D also has a dedicated facility operations and management business that works with student and convention centers.
Mark Spender, a partner with Bernhard Capital, said the deal will give the company a program management platform focused on institutional infrastructure. This will allow Bernhard to provide services to organizations across the country. Paul Brailsford and Chris Dunlavey, co-CEOs of B&D, will continue to lead the division.
B&D is based in Washington, D.C., and has more than 200 employees at seven offices across the U.S.
"We found an ideal partner in the Bernhard Capital team, who share our commitment to outstanding client outcomes and bring a depth of investment and operating expertise that will help accelerate our growth and momentum across the business," Brailsford said in a statement.
Bernhard, based in Baton Rouge, focuses on services and infrastructure. The company manages more than $4 billion in assets.