Retrieved on:
Tuesday, February 20, 2024
Energy,
Utilities,
Oil,
Gas,
CenterPoint Energy,
Natural gas,
Growth,
Sale,
Wells Fargo,
Safety,
PLLC,
Hart–Scott–Rodino Antitrust Improvements Act,
Public expenditure,
LDC,
CNP,
EPS,
Renewable energy CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion.
Key Points:
- CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion.
- The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi serving approximately 380,000 metered customers.
- CenterPoint’s LDCs are the second largest natural gas LDCs in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.
- The sales price of $1.2 billion represents approximately 32 multiple of 2023 Louisiana and Mississippi LDC earnings.
LSU,
University,
Research,
Policy,
FUEL,
NSF,
Carbon,
Workforce,
Economic development,
Plant,
Education BATON ROUGE, La., Jan. 29, 2024 /PRNewswire/ -- The U.S. National Science Foundation ("NSF") awarded $160 million—one of the largest and most competitive grants ever awarded in place-based research in the nation's history—to an LSU-led statewide effort of more than 50 partners, including Bernhard Capital Partners ("Bernhard Capital"), to establish Louisiana's Energy Transition Engine.
Key Points:
- BATON ROUGE, La., Jan. 29, 2024 /PRNewswire/ -- The U.S. National Science Foundation ("NSF") awarded $160 million—one of the largest and most competitive grants ever awarded in place-based research in the nation's history—to an LSU-led statewide effort of more than 50 partners, including Bernhard Capital Partners ("Bernhard Capital"), to establish Louisiana's Energy Transition Engine.
- The NSF Engines grant will support Louisiana's energy industry, create jobs in the energy sector, develop innovative solutions to energy challenges and help train the world's next energy workforce.
- The NSF Engines grant will support the energy transition and decarbonization of Louisiana's industrial corridor.
- For more information on FUEL and the NSF Engines grant, visit www.fuelouisiana.org .
Retrieved on:
Thursday, January 18, 2024
BATON ROUGE, La., Jan. 18, 2024 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), a services and infrastructure-focused private equity management firm, today announced the following promotions, effective as of January 1, 2024:
Key Points:
- BATON ROUGE, La., Jan. 18, 2024 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), a services and infrastructure-focused private equity management firm, today announced the following promotions, effective as of January 1, 2024:
"We are pleased to announce the well-deserved promotions of Chris Dillon, Julius Bedford, Patrick Bernhard, Matt Kowalczyk, and Trevor Sansone," said Jim Bernhard, Founder and Partner at Bernhard Capital Partners.
- "Our team has always been what distinguishes Bernhard Capital in leading businesses and management teams across the essential services and infrastructure ecosystem.
- Chris Dillon has been with the firm since its inception and has been promoted to Partner at Bernhard Capital.
- Patrick Bernhard has been promoted to Managing Director at Bernhard Capital and will remain involved in all areas of the firm's investment activities.
Retrieved on:
Monday, September 25, 2023
CHANDLER, Ariz., Sept. 25, 2023 /PRNewswire/ -- Elevation , a fully integrated residential energy solutions company, today announced the close of a convertible note offering led by Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm.
Key Points:
- CHANDLER, Ariz., Sept. 25, 2023 /PRNewswire/ -- Elevation , a fully integrated residential energy solutions company, today announced the close of a convertible note offering led by Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm.
- The investment follows previous preferred stock and convertible note investments by Bernhard Capital in March 2022 and March 2023, respectively, and will continue to support the expansion of the company's proprietary clean energy technology platforms, which it currently provides to homeowners, single-family rental home operators and their residents.
- Higher mortgage rates and stiff competition for affordable homes continue to drive demand for single-family rental homes across the country.
- "We look forward to our ongoing partnership with Elevation as they continue to serve the single-family rental home market."
Retrieved on:
Wednesday, August 16, 2023
Construction,
Louisiana Tech University,
Project,
Senior,
Louisiana State University,
Business,
The Shaw Group,
MBA,
Blueprint,
Bernhard,
Growth,
Management,
Asset management,
Science BATON ROUGE, La., Aug. 16, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm, today announced that Jeff Plauche has joined the firm as an Operating Partner.
Key Points:
- BATON ROUGE, La., Aug. 16, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm, today announced that Jeff Plauche has joined the firm as an Operating Partner.
- In this role, Mr. Plauche will work closely with portfolio company management teams to identify value creation and business optimization opportunities to drive long-term growth.
- Mr. Plauche brings 25 years of construction and construction management experience to Bernhard Capital, having spent the majority of his career with Boh Bros. Construction Co., one of the largest civil infrastructure firms in the Southeast, where he most recently served as a Senior Vice President, Project Development.
- "At Bernhard, our proprietary top-down, thematic Blueprint investment approach is underpinned by our unparalleled ability to bring hands-on operational expertise and deep industry knowledge to bear in supporting our partner companies," said Jeff Jenkins, Founder and Partner at Bernhard Capital Partners.
Partnership,
Education,
Health,
Expansion,
Electricity,
Innovation,
Carbon,
Organization,
HVAC,
The Company,
Water,
Growth,
Renewable energy,
Management,
Mathematical optimization BATON ROUGE, La. and SEATTLE, June 22, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm, today announced it has entered into a definitive agreement to acquire Optimum Energy ("Optimum" or the "Company"), a global leader in HVAC optimization solutions. Financial terms of the transaction were not disclosed.
Key Points:
- and SEATTLE, June 22, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), an infrastructure and services-focused private equity management firm, today announced it has entered into a definitive agreement to acquire Optimum Energy ("Optimum" or the "Company"), a global leader in HVAC optimization solutions.
- Founded in 2005, Optimum provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions.
- Optimum will continue to be led by President Larry Stapleton and the existing management team, while benefitting from the support of Bernhard Capital's strategic partnership.
- Cascadia Capital acted as the financial advisor to Optimum.
Other Defense,
Contracts,
Defense,
Engineering,
Maritime,
Air,
Automotive Manufacturing,
Transport,
Aerospace,
Manufacturing,
Logistics,
Supply Chain Management,
Military,
Student Borrower Protection Center,
Maintenance,
Agility,
Federal Civil Defense Administration,
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Aviation,
VSE Corporation,
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BCP,
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Government,
FDS,
Jefferies Group,
VSE,
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MRO,
Airline,
Management,
Bank VSE’s decision to sell the business segment concludes a comprehensive strategic review undertaken by the management team and board of directors in response to market and business dynamics.
Key Points:
- VSE’s decision to sell the business segment concludes a comprehensive strategic review undertaken by the management team and board of directors in response to market and business dynamics.
- The sale of FDS to BCP is intended to allow VSE to:
Form a 100% pure-play aftermarket business.
- The sale of our Federal and Defense segment transforms VSE’s portfolio by simplifying our operations and focusing our resources on high-growth, high-margin business opportunities, while improving our growth and profitability profile,” stated John Cuomo, President and CEO of VSE Corporation.
- Jones Day served as legal counsel and Jefferies LLC served as exclusive financial advisor to VSE Corporation.
Retrieved on:
Wednesday, April 19, 2023
University,
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Miyamoto International,
MBA,
M&A,
Blueprint,
Engineering,
Manufacturing Advisory Service,
Growth,
AEC,
Principal,
Management,
History BATON ROUGE, La., April 19, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), a services and infrastructure-focused private equity management firm, today announced that Jamie Claire Kiser has joined the firm as Principal.
Key Points:
- BATON ROUGE, La., April 19, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital"), a services and infrastructure-focused private equity management firm, today announced that Jamie Claire Kiser has joined the firm as Principal.
- Ms. Kiser brings extensive financial experience and expertise supporting the organic and acquisitional growth of industry-leading architecture, engineering and consulting (AEC) platforms.
- "We are pleased to welcome Jamie Claire to Bernhard Capital as we continue to thoughtfully deploy capital and partner with best-in-class businesses within the services and infrastructure space," said Tim Poche, Chief Operating Officer at Bernhard Capital.
- "I've long admired the Bernhard Capital team for their ability to pinpoint compelling market opportunities and partner with founders and strong management teams to drive financial performance, as well as organic and inorganic growth," said Ms. Kiser.
ENR,
Quality of life,
Trust,
First Bank,
First Bank and Trust Tower,
BCP,
Investment,
Entergy,
Economic development,
Growth,
Renewable energy,
United Utilities NEW ORLEANS, April 5, 2023 /PRNewswire/ -- United Utility Services, a leading specialty utility services company, announced it is establishing its national headquarters in New Orleans, which is expected to create up to 141 new direct jobs in the area over the next five years with nearly $13 million in total annual payroll.
Key Points:
- NEW ORLEANS, April 5, 2023 /PRNewswire/ -- United Utility Services, a leading specialty utility services company, announced it is establishing its national headquarters in New Orleans, which is expected to create up to 141 new direct jobs in the area over the next five years with nearly $13 million in total annual payroll.
- The New Orleans headquarters will not impact other United Utility office operations and staff across the country.
- "As our Company expands, the need arose to establish our headquarters in a location that is easily accessible from existing regional offices and is in close proximity to complementary services and partners," United Utility CEO Ali Azad said.
- United Utility moved into the new offices in early 2023 and is currently recruiting staff.
Retrieved on:
Tuesday, January 31, 2023
BATON ROUGE, La., Jan. 31, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital" or "BCP"), an infrastructure and services-focused private equity management firm, announced today that BCP Fund I portfolio company Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of infrastructure and environmental solutions, has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt.
Key Points:
- Bernhard Capital originally formed Atlas Technical Consultants in 2017 through the acquisition of three leading infrastructure management companies: Moreland Altobelli Associates, PAVETEX Engineering, and Engineering Testing Services.
- Alongside Atlas' management team, Bernhard Capital helped grow and transform the business through 19 acquisitions that ultimately positioned Atlas as a market leader with more than 3,500 employees across the country.
- BCP partnered with an exceptional management team to build a market-leading business to meet that specialized demand and achieve an enhanced exit valuation.
- "Today marks the culmination of our joint efforts to build one of the largest pure-play professional and technical services businesses.
