Delta Utilities, a portfolio company of Bernhard Capital Partners, a services and infrastructure–focused private equity management firm, has plans to acquire CenterPoint Energy’s natural gas distribution operations in Louisiana and Mississippi.
CenterPoint’s natural gas distribution systems currently serve approximately 381,000 residential and commercial customers across both states. Upon receipt of all relevant regulatory approvals and closing of the transaction, the natural gas distribution systems will be operated by Delta Utilities with an expanded operational footprint that will include several communities across Louisiana and Mississippi.
Additionally, all current employees of CenterPoint's Louisiana and Mississippi natural gas business units will be offered employment by Delta Utilities. The sale is expected to close toward the end of the first quarter of 2025.
The transaction builds upon Bernhard’s recent announcement to acquire Entergy’s New O