Delta Utilities Completes Acquisition of Natural Gas Assets
Deal News | Apr 01, 2025 | Bernhard Capital Partners Mana
Delta Utilities, supported by Bernhard Capital Partners, has successfully completed its acquisition of CenterPoint Energy's natural gas distribution businesses in Louisiana and Mississippi. This strategic acquisition aims to bolster Delta Utilities' presence in the region, fortifying its infrastructure and expanding its customer service capacity. Baton Rouge is positioned as the central hub for this operation, underscoring Louisiana's importance to the overarching goals of Bernhard Capital Partners in energy distribution. The acquisition marks a significant milestone for Delta Utilities, reflecting its commitment to enhancing resource delivery across critical Southern markets.
Sectors
- Energy
- Private Equity
- Utilities
Geography
- United States – The acquisition concerns natural gas distribution businesses located in Louisiana and Mississippi, both U.S. states.
- Louisiana – Baton Rouge, Louisiana, is specifically highlighted as the location of interest in the acquisition.
- Mississippi – The acquired natural gas distribution business also includes assets in Mississippi.
Industry
- Energy – The article revolves around the acquisition of natural gas distribution businesses, a core aspect of the energy sector.
- Private Equity – The transaction involves Bernhard Capital Partners, a private equity firm, orchestrating the acquisition.
- Utilities – Delta Utilities, a company within the utilities sector, is central to the acquisition described in the article.
Financials
- Not disclosed – The financial terms of the acquisition were not mentioned.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Delta Utilities | Acquirer | Company | Delta Utilities, backed by Bernhard Capital Partners, is the company acquiring CenterPoint Energy's businesses in the region. |
| Bernhard Capital Partners | Private Equity Firm | Company | A private equity firm backing Delta Utilities in its acquisition of CenterPoint Energy's natural gas distribution businesses. |
| CenterPoint Energy | Vendor | Company | CenterPoint Energy is selling its natural gas distribution businesses in Louisiana and Mississippi. |