Bernhard Capital Partners Acquires New Mexico Gas Company from Emera
August 5, 2024
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.
- Buyers
- Bernhard Capital Partners
- Targets
- New Mexico Gas Company, Inc.
- Sellers
- Emera Inc.
- Industry
- Utilities
- Location
- New Mexico, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Bernhard Capital Acquires KC Harvey Environmental to Launch Environmental Services Platform
July 21, 2022
Environmental Services
Bernhard Capital Partners has launched a dedicated environmental services platform through the acquisition of KC Harvey Environmental, a Bozeman, Montana-based environmental consulting, land reclamation, and field services firm. KC Harvey will retain its headquarters and management team while Dirk Applegate joins Bernhard as a Senior Advisor to oversee the new platform; financial terms were not disclosed.
-
HarbourVest Partners Invests $52M for Minority Stake in Mesa Natural Gas Solutions
September 19, 2019
Energy
HarbourVest Partners has made a $52 million equity investment to acquire a minority stake in Mesa Natural Gas Solutions, a portfolio company of BP Natural Gas Opportunity Partners, LP. The investment — announced by BP Energy Partners, LLC — will support Mesa’s manufacturing, leasing and operations of natural-gas and liquid-propane generator sets for energy, commercial and industrial applications.
-
Delta Utilities (Bernhard Capital-Backed) Acquires Entergy's Natural Gas Distribution Businesses in New Orleans and East Baton Rouge Parish
July 1, 2025
Energy
Delta Utilities, a Bernhard Capital Partners portfolio company, acquired Entergy's two regulated natural gas distribution businesses serving New Orleans and East Baton Rouge Parish, adding more than 200,000 customers and approximately 200 employees. The transaction expands Delta Utilities' footprint across Louisiana and Mississippi, positioning the company to serve roughly 600,000 customers and more than 800 employees following prior platform acquisitions.
-
DIF Capital Partners Acquires Bernhard, LLC from Bernhard Capital Partners
December 2, 2021
Energy
DIF Capital Partners, through its DIF Infrastructure VI fund, has completed the acquisition of Bernhard, LLC — the largest privately owned Energy-as-a-Service (EaaS) provider in the United States — from Bernhard Capital Partners Management, LP. Senior management will retain meaningful ownership and Bernhard will serve as a core part of DIF’s U.S. EaaS strategy as the company continues to scale.
-
Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria
October 1, 2021
Energy
Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.
-
Bernhard Capital Partners Acquires TechServ to Establish Utility Engineering & Consulting Platform
June 2, 2025
Engineering Services
Bernhard Capital Partners (BCP) has acquired TechServ, a utility engineering and service provider headquartered in Tyler, Texas, to establish a new utility engineering and consulting platform. The investment positions the platform to support grid modernization, electrification, and telecom infrastructure expansion across the electric power and telecommunications sectors.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.