M&A Deal Summary

Bernhard Capital Partners Acquires ClearCurrent

On January 1, 2021, private equity firm Bernhard Capital Partners acquired utilities company ClearCurrent

Acquisition Highlights
  • This is Bernhard Capital Partners’ 2nd transaction in the Utilities sector.
  • This is Bernhard Capital Partners’ 10th transaction in the United States.
  • This is Bernhard Capital Partners’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2021-01-01
Target ClearCurrent
Sector Utilities
Buyer(s) Bernhard Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ClearCurrent

Raleigh, North Carolina, United States
ClearCurrent is a water and wastewater utility platform undergoing a regional consolidation of collection and treatment infrastructure with a focus on providing reliable wastewater treatment and returning the healthiest water possible back to the environment. ClearCurrent is based in Raleigh, North Carolina.

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Buyer(S) 1

DESCRIPTION

Bernhard Capital Partners is a private equity firm focused on acquiring and investing in middle-market services companies. Bernhard Capital Partners was formed in 2013 and is headquartered in Baton Rouge, Louisiana.


DEAL STATS #
Overall 10 of 21
Sector: Utilities M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 10
State: North Carolina M&A 2 of 2
Country: United States M&A 10 of 21
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Allied Power

Baton Rouge, Louisiana, United States

Allied Power provides a diversified range of services – from routine maintenance to outage services and management, capital construction and specialized support for power plants across the asset life cycle throughout the U.S. Allied Power was founded in 2017 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Gray Surety

Mandeville, Louisiana, United States

Gray Surety is a provider of surety bond solutions offering contract, commercial, and specialty bonds to contractors, businesses, and individuals. Gray Surety focuses on underwriting flexible and reliable bonding programs supported by strong financial backing and personalized service. Gray Surety was founded in 2003 and is based in Mandeville, Louisiana.

Buy -