AE Industrial Partners hired Mano Nazar as an operating partner effective immediately. Nazar will also become chairman of the board of AE Industrial portfolio company BHI Energy. Nazar most recently worked as president of the nuclear business at NextEra Energy, Inc.
AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced today that Mano Nazar has joined the firm as an Operating Partner effective immediately. Mr. Nazar will also serve as Chairman of the Board of BHI Energy, an AEI portfolio company.
“Mano’s experience in the broad utility market, especially in clean energy sectors, strengthens our power industry team, and his operating experience and relationships will be invaluable to BHI Energy as it looks to broaden its portfolio in the transmission & distribution (T&D) market and complete additional acquisitions,” said Michael Greene, Managing Partner of AEI and a Director on the BHI Energy board. “We welcome Mano to the team, and look forward to the value he’ll add across our portfolio.”
Bob Decensi, CEO of BHI Energy, added, “I look forward to continuing my over 10 year relationship with Mano as we work to solidify BHI’s industry leading position providing highly technical, on-site services for utility maintenance and capital projects across the US, and expanding into additional complementary businesses.”
Mr. Nazar, who most recently served as President of the nuclear business unit at NextEra Energy, Inc., brings more than 35 years of extensive utility industry experience to AEI. During his tenure at NextEra, he was responsible for the safe operation of the company’s eight nuclear units, and he also led the $4.5 billion expansion of six of those units, adding more than 700 megawatts to the fleet’s generation capacity. Under Mr. Nazar’s leadership, NextEra Energy’s nuclear fleet achieved the Nuclear Energy Institute’s “industry best of the best” performance award and lowest production cost in the industry.
Mr. Nazar holds a Bachelor of Science degree in mechanical engineering from the University of North Carolina at Charlotte. He served as chairman of the Nuclear Power Council (NPC) Executive Committee, and is a member of the National Academy for Nuclear Training’s National Nuclear Accrediting. He was also elected as the 2006 Nuclear Professional of the Year, and received the prestigious 2007 WANO Nuclear Excellence Award.
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. Learn more at www.aeroequity.com.
About BHI Energy
BHI Energy provides industry-leading specialty services and staffing solutions to the power generation, transmission & distribution and industrial/oil & gas markets. In addition to offering select specialty services, BHI also bundles individual offerings into a fully integrated platform to provide utilities an integrated outsourced services solution. Learn more at www.bhienergy.com.