Operating Company Energy

Delta Utilities

New Orleans, Louisiana, United States

New Orleans-based natural gas utility focused on safe, reliable regulated natural gas distribution service in Louisiana and Mississippi, serving nearly 600,000 customers.

Focus Areas
Natural gas distribution, Regulated Utilities, Pipeline Operations

Tracked deals

3

3 tracked deals across 2025-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

2 addon · 1 buyout

Delta Utilities Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Delta Utilities. 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Delta Utilities Acquires Spire Mississippi for $75 Million
    April 22, 2026
    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
    Location
    Mississippi, United States
    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.

  • Delta Utilities (Bernhard Capital-Backed) Acquires Entergy's Natural Gas Distribution Businesses in New Orleans and East Baton Rouge Parish
    July 1, 2025
    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
    Location
    Louisiana, United States
    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.

  • Delta Utilities Acquires CenterPoint Energy's Natural Gas Distribution Businesses in Louisiana and Mississippi
    April 1, 2025
    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.

Related Acquisition Pages

Utilities Buyers & Acquisitions 2 tracked deals by Delta Utilities. Energy Buyers & Acquisitions 1 tracked deal by Delta Utilities. Acquisitions in Louisiana 1 tracked deal by Delta Utilities. Acquisitions in Mississippi 1 tracked deal by Delta Utilities.

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