Delta Utilities (Bernhard Capital-Backed) Acquires Entergy's Natural Gas Distribution Businesses in New Orleans and East Baton Rouge Parish

Delta Utilities Acquires CenterPoint Energy's Natural Gas Distribution Businesses in Louisiana and Mississippi

April 1, 2025

Utilities

Delta Utilities, a Bernhard Capital Partners portfolio company based in New Orleans, has completed the acquisition of CenterPoint Energy's three regulated natural gas local distribution companies serving communities across Louisiana and Mississippi. The deal transfers roughly 12,000 miles of main pipeline and about 380,000 residential and commercial customers to Delta Utilities, expanding the platform's regulated utility footprint in the Gulf South.

Bernhard Capital Partners Acquires New Mexico Gas Company from Emera

August 5, 2024

Utilities

Bernhard Capital Partners has agreed to acquire New Mexico Gas Company (NMGC) from Emera Inc. for an aggregate transaction value of $1.252 billion USD, including assumption of approximately $500 million of debt. The deal, subject to New Mexico Public Regulation Commission approval and HSR clearance, is expected to close in late 2025 and supports Emera's portfolio optimization while giving BCP a regulated utility platform investment in New Mexico.

bp Acquires EDF Energy Services

September 12, 2022

Energy

bp has agreed to purchase EDF Energy Services (EDF ES), a Houston-based supplier of power, natural gas and related services to commercial and industrial customers across the United States. The acquisition brings EDF ES's full retail operating capabilities into bp, enhancing bp's ability to deliver integrated energy and lower-carbon solutions to large C&I and public-sector customers in the U.S.

Pritzker Private Capital Recapitalizes Energy Distribution Partners

October 6, 2020

Energy

Pritzker Private Capital completed a recapitalization of Energy Distribution Partners (EDP), investing alongside Concentric Equity Partners and Duchossois Capital Management to support EDP's expansion. EDP's management will remain in place as the partners provide capital to accelerate the propane distributor's growth and add-on acquisition strategy across the U.S.

United Energy Corporation Acquires Integrity Terminals, LLC

August 5, 2022

Energy

United Energy Corporation (UNRG) acquired 100% of Integrity Terminals, LLC, expanding its midstream footprint and moving from a prior 12% minority stake to full ownership. The acquisition includes an option to purchase 686 acres in Iberville Parish, Louisiana, for a planned Gulf Coast bulk storage and import/export terminal; UNRG has engaged EXCEL Midstream Solutions for design, permitting and engineering work.

Water Engineering (Nolan Capital) Acquires Delta Chemical Corp.

May 23, 2023

Environmental Services

Water Engineering, a portfolio company of Nolan Capital, has acquired Delta Chemical Corp., a Jefferson, Louisiana–based provider of water treatment chemicals, equipment, consultation and preventative maintenance services. Delta's owners, Ross Heidingsfelder and Lee Mauberret, will remain with the business as it joins the WEI platform to expand the platform's footprint and continue WEI's consolidation strategy in water treatment services.