First Reserve (Finally) Buys Brand Energy

First Reserve Corp. has agreed to acquire scaffolding services provider Brand Energy & Infrastructure Services from JPMorgan Partners. No financial terms were disclosed for the deal, which comes four years after JPMorgan Partners beat out First Reserve to buy the company from DLJ Merchant Banking for around $500 million. Brand Energy currently is in registration for a $260 million IPO. www.brandscaffold.com