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

Delta Utilities Acquires Spire Mississippi for $75 Million

April 22, 2026

Utilities

Spire Inc. agreed to sell its Mississippi local natural gas distribution company, Spire Mississippi, to Delta Utilities for $75 million in cash. The deal will refine Spire’s geographic footprint, while Delta—backed by Bernhard Capital Partners—expands its Mississippi presence with expected operating efficiencies and enhanced emergency response capabilities.

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.

PSC Group Acquires Delta Petroleum Company

August 1, 2024

Industrial Services

PSC Group, a portfolio company of private equity firm TJC LP, has acquired Delta Petroleum Company from Greif, Inc. The add-on expands PSC’s specialty chemical filling, warehousing and shipping capabilities across key petrochemical markets including Houston, Baton Rouge and Cincinnati, and brings Delta’s employees into PSC’s operations.

Pioneer Natural Resources Completes Acquisition of DoublePoint Energy Leasehold Interests in the Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed its previously announced acquisition of the leasehold interests and related assets of DoublePoint Energy in the Midland Basin for total consideration of $6.2 billion. The deal added approximately 97,000 net acres and was structured with Pioneer paying $1.0 billion in cash, issuing 27.2 million shares, and assuming $890 million of debt.

Gravity Acquires On Point Oilfield Holdings

November 7, 2019

Energy

Gravity, a Clearlake-backed water and energy infrastructure platform, has acquired On Point Oilfield Holdings from White Deer Energy, creating the largest produced water (saltwater disposal) company in the Midland Basin. On Point founders and key executives have joined Gravity’s management team; financial terms were not disclosed.

The State Group Acquires Delta Services

October 21, 2019

Construction

The State Group (State Group Industrial (USA) Limited) has acquired Delta Services LLC, a Louisville-based electrical contractor that serves industrial and commercial customers across Kentucky and Southern Indiana. The deal expands The State Group’s footprint and service capabilities in the region, adding Delta’s electrical construction, maintenance, fire/security and communications services to its multi-trade platform.