Private Equity Firm Other

Bernhard Capital Partners

Baton Rouge, Louisiana, United States

Bernhard Capital Partners (BCP) is a private equity management firm focused on services and infrastructure investments, raising and deploying capital across multiple funds and creating long-term value by acquiring, operating, and scaling businesses.

Focus Areas
Services and infrastructure private equity, Infrastructure investments

Tracked deals

38

38 tracked deals across 2019-2026.

Recent pace

6

6 tracked deals announced in the last 12 months.

Deal mix

Addon

24 addon · 13 buyout · 1 growth capital

Bernhard Capital Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Bernhard Capital Partners. 2 2019 1 2020 2 2021 6 2022 9 2023 6 2024 7 2025 ~7 est. 5 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 38 tracked deals for Bernhard Capital Partners.

  • Buyer
    Bernhard Capital Partners
    Target
    Revenew
    Type
    Buyout

    Bernhard Capital Partners acquired Houston-based Revenew to establish an Infrastructure-Focused Professional Services platform. Revenew provides contract compliance, supplier payment review, profit/performance improvement, and sales and use tax recovery services for organizations in asset-intensive sectors.

  • Buyer
    Bernhard Capital Partners
    Target
    Bowman Consulting Group Ltd.
    Type
    Buyout

    Bowman Consulting Group Ltd. entered into a proposed transaction to be acquired by Bernhard Capital Partners. Under the terms, Bowman shareholders are expected to receive $43.00 in cash per share.

  • Buyer
    Optimum Energy Co., Bernhard Capital Partners
    Target
    Hussung Mechanical Contractors, HMC Service Company
    Location
    United States
    Type
    Addon

    Optimum Energy Co., a Bernhard Capital Partners portfolio company, announced the acquisition of Hussung Mechanical Contractors and HMC Service Company. The deal adds Hussung’s mechanical contracting and field service capabilities to Optimum Energy’s engineering and central utility infrastructure, expanding end-to-end solutions for mission-critical facilities across healthcare, universities, manufacturers, and other sectors.

  • Buyer
    Stonepeak, Bernhard Capital Partners
    Target
    Cleco Group LLC, Cleco Power LLC
    Seller
    consortium including Macquarie Asset Management, British Columbia Investment Management Corporation (BCI), Manulife Investment Management
    Industry
    Energy
    Type
    Buyout

    Stonepeak and Bernhard Capital Partners agreed to acquire Cleco Group LLC, a regulated Louisiana electric utility headquartered in Pineville, from a consortium led by Macquarie Asset Management and including BCI and Manulife Investment Management. The deal is subject to customary regulatory approvals, with Stonepeak expected to hold the majority interest upon close.

  • Buyer
    Delta Utilities, Bernhard Capital Partners
    Target
    Spire Mississippi, Spire Inc.'s Mississippi local natural gas distribution company (Spire Mississippi)
    Seller
    A subsidiary of Spire Inc.
    Industry
    Utilities
    Type
    Buyout

    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.

  • Buyer
    Brailsford & Dunlavey, Bernhard Capital Partners
    Target
    Project Management Advisors (PMA)
    Type
    Addon

    BCP-backed Brailsford & Dunlavey (B&D) and Project Management Advisors (PMA) have merged to form an integrated institutional program management and real estate advisory platform. The combined firm—supported by Bernhard Capital Partners—brings together more than 450 professionals and expands geographic reach and sector capabilities across higher education, healthcare, life sciences, civic projects and energy infrastructure.

  • Buyer
    Delta Utilities, Bernhard Capital Partners
    Target
    Entergy's New Orleans natural gas distribution business, Entergy's East Baton Rouge Parish natural gas distribution business
    Seller
    Entergy
    Industry
    Energy
    Type
    Addon

    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.

  • Buyer
    Grace Design Studios, Bernhard Capital Partners
    Target
    CRGA Design
    Type
    Addon

    Grace Design Studios, a Bernhard Capital Partners-backed AEC platform, has acquired CRGA Design, a Baltimore-based architecture, interior design and planning firm specializing in healthcare facility design. The add-on expands Grace's healthcare capabilities and footprint in the Mid-Atlantic (Maryland, North Carolina and South Carolina) while CRGA will operate as a Grace Design Studio with its leadership remaining in place.

  • Buyer
    Bernhard Capital Partners
    Target
    TechServ
    Type
    Buyout

    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.

  • Buyer
    GHC|orcutt winslow, Bernhard Capital Partners
    Target
    Straughn Trout Architects
    Type
    Addon

    GHC|orcutt winslow, a Bernhard Capital Partners portfolio company, has acquired Straughn Trout Architects, a Lakeland, Florida-based architecture firm focused on K-12, higher education, municipal and commercial projects. Financial terms were not disclosed; the deal expands GHC's footprint and capabilities in Central Florida and is the firm's seventh strategic acquisition since partnering with Bernhard Capital in September 2022.

  • Buyer
    Delta Utilities, Bernhard Capital Partners
    Target
    CenterPoint Energy's natural gas distribution businesses in Louisiana and Mississippi
    Seller
    CenterPoint Energy
    Industry
    Utilities
    Location
    United States
    Type
    Addon

    Delta Utilities, a Bernhard Capital Partners portfolio company based in New Orleans, has completed the acquisition of CenterPoint Energy's three regulated natural gas local distribution companies serving communities across Louisiana and Mississippi. The deal transfers roughly 12,000 miles of main pipeline and about 380,000 residential and commercial customers to Delta Utilities, expanding the platform's regulated utility footprint in the Gulf South.

  • Buyer
    Aventia, Bernhard Capital Partners
    Target
    St.Germain
    Type
    Addon

    Aventia, a Bernhard Capital Partners-backed environmental services platform, has acquired St.Germain, an environmental consulting, regulatory compliance, and engineering firm headquartered in Westbrook, Maine. The add-on strengthens Aventia's consulting, engineering and technology capabilities (including St.Germain's Sentry EHS tool), expands its New England geographic footprint, and represents Aventia's fourth acquisition; financial terms were not disclosed.

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