First Reserve Closes Brand Energy Buy

First Reserve Corp. has completed its acquisition of scaffolding services provider Brand Energy & Infrastructure Services from JPMorgan Partners. No financial terms were disclosed for the deal, which came four years after JPMorgan Partners beat out First Reserve to buy the company from DLJ Merchant Banking for around $500 million. Brand Energy is expected to withdraw its current registration for a $260 million IPO. www.brandscaffold.com