Bernhard Capital Partners-backed Delta Utilities completed the acquisition of the gas distribution business of Entergy for $484m.

Bernhard Capital Partners-backed Delta Utilities, a natural gas utility, completed the acquisition of the gas distribution business of Entergy, a Fortune 500 integrated energy company, for $484m. "We're incredibly proud to build upon Entergy's legacy in our state through this milestone transaction, which closely follows our acquisition of CenterPoint Energy's natural gas systems in Louisiana and Mississippi in April. We have successfully led seamless business transition experiences and invested in immediate modernizations for these utilities, equipping them to better serve the dynamic needs of their customers. These back-to-back successful transactions come after four unanimous regulatory approvals and further demonstrate BCP's deep operational and financial expertise in the utility sector. We believe natural gas is essential to building resilient communities, and Delta Utilities will be a catalyst for growth—delivering safe, reliable energy to customers across the Gulf Coast," Jeff Jenkins, Bernhard Capital Founder and Partner.