Press Release

Kirkland Represents Bernhard Capital Partners on Acquisition of Natural Gas Systems

Kirkland & Ellis is advising Bernhard Capital Partners on an agreement in which its portfolio company, Delta Utilities, will acquire natural gas distribution operations in both Louisiana and Mississippi from CenterPoint Energy, Inc. The systems serve approximately 381,000 residential and commercial customers across both states. The transaction was announced February 20, 2024. Bernhard Capital focuses on investing in companies that provide critical services to government, infrastructure, industrial, utility and energy sectors, as well as investing in utility assets.

Read the transaction press release

The Kirkland team is being led by corporate partners Bill Benitez, Rob Goodin and Daniel Cadis; corporate associates Shelby Morgan and Max Chaffetz; debt finance partners Lucas Spivey, Jordan Roberts and Purun Cheong; tax partner Mark Dundon; and energy regulatory partner Brooksany Barrowes.