Emera Sells New Mexico Gas Company to Bernhard Capital Partners

Crestview Partners Acquires Emerald EMS from New Water Capital

January 4, 2022

Manufacturing

Crestview Partners has completed the acquisition of Emerald EMS from New Water Capital, with Emerald's CEO Vic Giglio continuing to lead the company. Headquartered in Salem, New Hampshire, Emerald is a high-mix, low-volume electronics manufacturing services provider operating six U.S. facilities and one in China; financial terms were not disclosed. Crestview intends to invest in the business and pursue additional add-ons and capability expansion to accelerate Emerald's growth.

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 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.

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.

Pembina Pipeline Acquires Enbridge's Interests in Alliance, Aux Sable and NRGreen

April 1, 2024

Energy

Pembina Pipeline Corporation completed the previously announced acquisition of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for approximately $3.1 billion. The deal increases Pembina's ownership of those midstream assets, was funded in part by a $1.28 billion subscription receipt offering, and prompted an upward revision to Pembina's 2024 adjusted EBITDA guidance.

Gauge Capital Recapitalizes EMSAR; Jacmel Growth Partners Exits

March 31, 2021

Industrial Services

Gauge Capital has partnered with EMSAR's management on a recapitalization of EMSAR, a national field service and equipment maintenance provider headquartered in Austin, Texas. Jacmel Growth Partners has exited its investment as part of the transaction; Gauge intends to support EMSAR's continued organic growth and M&A activity to expand its footprint across healthcare, power, retail, and security end markets.