TowerBrook Delta acquires LiftWerx

Company

TowerBrook Capital Partners L.P.

Law Firm / Organization
Blake, Cassels & Graydon LLP
Law Firm / Organization
Goodwin Procter LLP

Company

LiftWerx Solutions

Law Firm / Organization
Bennett Jones LLP

On June 17, 2024, TowerBrook Delta, a dedicated impact investment strategy of TowerBrook Capital Partners, acquired LiftWerx, a North American leader in onshore wind turbine maintenance. Founded in 2016, LiftWerx specializes in the replacement of major wind turbine components using its proprietary uptower crane technology, which offers significant safety and environmental advantages over traditional methods. This investment marks TowerBrook Delta’s third acquisition, aligning with its mission to support businesses that advance the UN Sustainable Development Goals.

Alex Nisichenko, Managing Director at TowerBrook, praised LiftWerx for its innovative technology and industry-leading service teams, highlighting the company's rapid rise as a key player in the wind O&M sector. Glen Aitken, President and Founder of LiftWerx, expressed pride in the company's achievements and enthusiasm for the partnership, noting plans to expand their crane fleet by 50%. Joshua Rauchwerger, Vice President and Founder of LiftWerx, emphasized TowerBrook’s global reach and resources as ideal for facilitating LiftWerx's continued growth.

Merger & Acquisition
Energy
Undisclosed/Confidential
Active