SOURCE Bernhard Capital Partners Management, LP

BATON ROUGE, La., July 1, 2025 /PRNewswire/ -- Delta Utilities, a Bernhard Capital Partners portfolio company, today announced it has acquired Entergy's two regulated natural gas utilities serving communities throughout New Orleans and East Baton Rouge Parish.

Through this acquisition, Delta Utilities, a New Orleans-based natural gas utility company, welcomes more than 200,000 new residential and commercial customers and approximately 200 employees from Entergy.

"We're incredibly proud to build upon Entergy's legacy in our state through this milestone transaction, which closely follows our acquisition of CenterPoint Energy's natural gas systems in Louisiana and Mississippi in April," said Jeff Jenkins, Founder and Partner at Bernhard Capital. "We have successfully led seamless business transition experiences and invested in immediate modernizations for these utilities, equipping them to better serve the dynamic needs of their customers. These back-to-back successful transactions come after four unanimous regulatory approvals and further demonstrate BCP's deep operational and financial expertise in the utility sector. We believe natural gas is essential to building resilient communities, and Delta Utilities will be a catalyst for growth-delivering safe, reliable energy to customers across the Gulf Coast."

Delta Utilities, a $1.7 billion organization, will now serve approximately 600,000 customers across Louisiana and Mississippi with more than 800 employees. This transaction follows Delta Utilities' acquisition of CenterPoint Energy's natural gas operations in Louisiana and Mississippi earlier this year, through which it welcomed 500 employees and more than 380,000 customers across both states. Today, Delta Utilities is positioned to be a leader within the natural gas industry as one of the top 40 natural gas utilities by total customer count.

To read the full press release from Delta Utilities, visit this link.

About Bernhard Capital Partners

Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in five funds across several strategies and has approximately $5 billion in assets under management. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating, and growing services and infrastructure businesses. For more information, visit bernhardcapital.com.

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Ed Trissel / Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
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