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

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