Delta Utilities Completes Strategic Acquisition
Delta Utilities, backed by Bernhard Capital Partners, has achieved a significant milestone with its acquisition of Entergy's regulated natural gas businesses. This strategic move will enhance the operations of Delta Utilities, which is dedicated to providing reliable energy solutions to its customers.
Growing Customer Base and Workforce
With this acquisition, Delta Utilities adds over 200,000 new residential and commercial customers to its roster. The integration includes approximately 200 employees from Entergy, reinforcing Delta’s commitment to delivering exceptional service and support.
Strengthening Commitment to Service
Jeff Jenkins, the Founder and Partner at Bernhard Capital, expressed immense pride in this achievement. He emphasized that this acquisition builds upon Entergy's legacy in the region and follows closely after acquiring CenterPoint Energy’s natural gas systems in another significant transaction.
Enhanced Operational Capabilities
This acquisition will position Delta Utilities as a formidable force within the natural gas sector. Delta Utilities now serves around 600,000 customers, significantly expanding its reach across Louisiana and Mississippi. They currently employ more than 800 dedicated personnel to ensure enhanced operational efficiency.
Investing in Modernization
Delta Utilities is committed to modernizing its infrastructure to better serve the needs of its diverse customer base. Jenkins noted that these back-to-back acquisitions followed thorough regulatory approvals and showcase Bernhard Capital’s operational and financial acumen in the utility market.
A Leader in the Natural Gas Industry
As a $1.7 billion organization, Delta Utilities is now among the top 40 natural gas utilities by total customer count. The recent integration after acquiring CenterPoint Energy saw Delta expand appropriately with 500 additional employees and over 380,000 customers, strengthening its position in the competitive market.
Future Growth Potential
Delta Utilities believes in the power of natural gas as a core element for building resilient communities. Through this acquisition, the company aims to be a catalyst for growth by ensuring the delivery of safe and reliable energy throughout the Gulf Coast. This strategic vision reflects a strong commitment to developing long-term, sustainable energy solutions.
About Bernhard Capital Partners
Founded in 2013, Bernhard Capital Partners is a prominent private equity management firm focused on infrastructure and services. With approximately $5 billion in assets under management across various strategies, they specialize in acquiring, operating, and growing businesses in these sectors. Their extensive experience enables them to create sustainable value for their portfolio companies.
Frequently Asked Questions
What was the recent acquisition by Delta Utilities?
Delta Utilities acquired Entergy’s regulated natural gas businesses, significantly expanding its customer base.
How many new customers has Delta Utilities gained?
The acquisition added over 200,000 new residential and commercial customers.
Who is behind Delta Utilities?
Delta Utilities is backed by Bernhard Capital Partners, a firm specializing in infrastructure and services.
What is the significance of this acquisition?
This acquisition strengthens Delta Utilities’ presence in the natural gas industry and enhances service delivery.
What future plans does Delta Utilities have?
Delta Utilities aims to continue expanding and modernizing its infrastructure to meet the growing needs of its customers across the Gulf Coast.
