M&A Deal Summary

DIF Capital Partners Acquires Bernhard

On October 4, 2021, infrastructure investor DIF Capital Partners acquired energy services and equipment company Bernhard from Bernhard Capital Partners

Acquisition Highlights
  • This is DIF Capital Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is DIF Capital Partners’ 2nd transaction in the United States.
  • This is DIF Capital Partners’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2021-10-04
Target Bernhard
Sector Energy Services and Equipment
Buyer(s) DIF Capital Partners
Sellers(s) Bernhard Capital Partners
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)
Kirkland & Ellis (Legal)

Target

Bernhard

Metairie, Louisiana, United States
Bernhard is an Energy-as-a-Service company delivering turnkey projects and custom solutions in the United States with 100+ years of energy and infrastructure project experience servicing higher education, healthcare, commercial and specialty markets. Bernhard was established in 1919 and is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

DIF Capital Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2005
PE ASSETS 16.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

DIF Capital Partners is a private investment firm focused on infrastructure and real assets. The Firm targets opportunities across Europe, North America, and Australia and generally looks to commit €10 to €250 per transaction or project. Targeted assets include telecom infrastructure, rail, energy and non-regulated utility sectors. DIF Capital Partners was formed in 2005 and is headquartered in Schiphol, Netherlands.


DEAL STATS #
Overall 16 of 35
Sector (Energy Services and Equipment) 2 of 4
Type (Secondary Buyout) 4 of 5
State (Louisiana) 1 of 1
Country (United States) 2 of 4
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Grupo Itevelesa

Madrid, Spain

Grupo Itevelesa is an independent company of technical inspection of vehicles. operates 72 fixed locations and 20 mobile units across 11 autonomous communities; it also provides industrial safety, metrology, and environmental inspection services. Grupo Itevelesa was founded in 1982 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Joink

Terre Haute, Indiana, United States

Joink is a telecommunications infrastructure company that currently provides enterprise fiber, residential fiber, and fixed wireless services in Western Indiana and Eastern Illinois. Joink was founded in 1999 and is based in Terre Haute, Indiana.

Buy -

Seller(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 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Environmental Systems

Bozeman, Montana, United States

Environmental Systems is a provider of comprehensive environmental services solutions. Environmental Systems is based in Bozeman, Montana.

Buy -