Bernhard Capital Partners
Bernhard Capital Partners is an infrastructure firm established in 2013 and headquartered in Baton Rouge, Louisiana, with an additional office in Brentwood. Founded by Jim Bernhard, Jeff Jenkins, and a team of seasoned private equity professionals, the firm specializes in energy services, focusing on investments in electric, gas, water, and wastewater utilities. Bernhard Capital Partners aims to create sustainable value by leveraging the extensive experience of its founding partners in acquiring, operating, and growing energy services businesses. The firm employs a value-added investment strategy, which encompasses providing strategic insights, operational efficiencies, and best-practice management to enhance the performance of its portfolio companies.
New Mexico Gas Company
Acquisition in 2024
New Mexico Gas Company is a utilities provider that delivers natural gas services to residential and business customers throughout New Mexico. The company operates an extensive network of approximately 12,000 miles of natural gas pipelines, enabling efficient door-to-door service. In addition to its core gas distribution, New Mexico Gas Company offers online bill payment options, enhancing convenience for its customers. The company is committed to providing a reliable and sustainable fuel source, supporting the energy needs of the communities it serves.
Elevation
Convertible Note in 2023
Elevation is a fully integrated residential energy solutions provider serving residents, enterprise clients, and electric utilities in multiple states.
Optimum Energy
Acquisition in 2023
Optimum Energy LLC is a software development company that specializes in energy optimization for heating and cooling systems. Founded in 2005 and headquartered in Seattle, Washington, the company offers a suite of solutions designed to enhance energy efficiency and reduce operational costs. Their flagship platform, OptiCx, enables customers to minimize energy consumption while maintaining optimal system performance. Additionally, Optimum Energy provides specialized software tools such as OptimumLOOP for optimizing centrifugal chilled water plants, OptimumAIR for automated management of air handlers, and OptimumHEAT for boiler plant optimization. The company's solutions are tailored for a variety of sectors, including healthcare, education, pharmaceuticals, data centers, and commercial buildings across North America. By leveraging data science and engineering expertise, Optimum Energy aims to help organizations achieve significant sustainability targets and improve operational effectiveness through continuous system optimization and real-time monitoring.
Elevation
Series B in 2022
Elevation is a fully integrated residential energy solutions provider serving residents, enterprise clients, and electric utilities in multiple states.
Allied Power Holdings
Acquisition in 2020
Allied Power Holdings is a comprehensive provider of power plant services, catering to the nuclear and fossil power generation sectors. Founded in 2017 and based in Baton Rouge, Louisiana, the company offers a wide range of services throughout the entire asset life cycle. Its offerings include routine maintenance, outage services, capital construction, welding, valve repairs, and specialized engineering services related to reactors and turbines. Allied Power is committed to delivering its services at competitive rates, ensuring that clients receive high-quality support tailored to their operational needs.
Ascension Wastewater Treatment
Acquisition in 2020
Ascension Wastewater Treatment is a sewer utility company based in Geismar, Louisiana, founded in 1994. The company manages around 230 lift stations and sewer treatment plants, serving developments in Ascension, Livingston, and East Baton Rouge Parishes. Through its infrastructure, Ascension Wastewater Treatment provides essential wastewater management services to the communities in these regions.
W.A. Chester
Acquisition in 2018
W.A. Chester, L.L.C. is an electrical contractor based in Lanham, Maryland, specializing in the installation, maintenance, and repair of underground high voltage cable transmission and distribution systems. The company also provides services related to overhead distribution, substations, and communications. Its clientele primarily consists of electric utility companies and independent power producers across the United States. Originally known as Henry Ihle Company, W.A. Chester changed its name in 1955 and operates as a subsidiary of Exelon Generation Company, LLC.
Brown & Root Industrial Services
Acquisition in 2015
Brown & Root Industrial Services LLC is a provider of comprehensive industrial maintenance, engineering, and construction services, primarily serving the refining, chemicals, petrochemicals, and manufacturing sectors. Founded in 1919 and headquartered in Baton Rouge, Louisiana, the company offers an extensive suite of services, including engineering, project management, procurement, and asset management. It specializes in capital construction as well as maintenance and commissioning services. Additionally, Brown & Root provides on-call construction and job order contracting solutions to governmental agencies, educational institutions, and healthcare facilities. The company operates across the United States, Mexico, and Canada and is a subsidiary of KBR, Inc.
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