DIF Capital Partners Acquires Bernhard, LLC from Bernhard Capital Partners

Bernhard Capital Partners Acquires New Mexico Gas Company from Emera

August 5, 2024

Energy

Emera agreed to sell its wholly owned operating company, New Mexico Gas Company, Inc. (NMGC), to Bernhard Capital Partners for an aggregate transaction value of $1.252 billion, including assumed debt. The deal received New Mexico Public Regulation Commission approval and Bernhard later announced the acquisition closed, keeping NMGC’s existing name, management team, and Albuquerque headquarters.

Bernhard Capital-Backed Allied Power Acquires Dominion Engineering

September 14, 2023

Energy

Allied Group Holdings, LLC (Allied Power), a Bernhard Capital Partners-backed platform, has acquired Dominion Engineering, Inc., a provider of field service equipment, technology, and specialized engineering services to the nuclear power industry. The add-on acquisition expands Allied's technical service, equipment and engineering capabilities for nuclear utilities, supporting outage, decommissioning and waste management work; financial terms were not disclosed.

Bernhard Capital Partners Acquires Optimum Energy

June 22, 2023

Energy

Bernhard Capital Partners has entered into a definitive agreement to acquire Optimum Energy, a global provider of HVAC optimization software, analytics and engineering services; financial terms were not disclosed. Optimum will remain led by President Larry Stapleton and will partner with Bernhard to expand its technology, capabilities and global customer base; Cascadia Capital acted as financial advisor to Optimum.

DIF Capital Partners Acquires Majority Stake in Diverso Energy

May 10, 2023

Renewable Energy

DIF Capital Partners, via its DIF Infrastructure VII fund, has signed an agreement to acquire a 75% majority interest in Diverso Energy Inc., a Canadian developer, owner and operator of geothermal heating and cooling systems. The founders retain 25% and will continue to lead the company; the investment will fund Diverso's growth and execution of its pipeline of geothermal EaaS projects across Canada.

DIF Capital Partners Acquires Majority Stake in Pinnacle Power Limited

April 5, 2023

Energy

DIF Capital Partners has signed an agreement to acquire a significant majority stake in UK district heating developer and operator Pinnacle Power Limited via its DIF Infrastructure VII fund, with Pinnacle Power management retaining a minority stake and Pinnacle Group Limited exiting as the previous shareholder. The investment will fund the development, ownership and expansion of city-scale district heating networks across the UK, supporting projects such as the Greenwich Peninsula network and accelerating the transition to low-carbon heat.

Bernhard Capital Partners Acquires Ascension Wastewater Treatment

April 9, 2020

Utilities

Bernhard Capital Partners Management, LP led a group of investors in the acquisition of Ascension Wastewater Treatment (AWT), the largest privately owned sewer utility operator in Louisiana. The buyer committed a two-month customer rebate (~$1.5 million total) and plans to invest in sewer infrastructure and expand AWT’s service footprint to additional communities to improve resiliency and service delivery.