Bernhard Capital Partners to acquire the gas distribution business of Entergy for $484m.

Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, agreed to acquire the gas distribution business of Entergy, a Fortune 500 integrated energy company, for $484m. "We are pleased to partner with Bernhard Capital, who shares our values around employee engagement, safety and reliability performance, quality customer service and local community investment. This agreement allows us to continue our strategy of simplifying operations and focusing on our regulated electric utility business for the benefit of our customers. Our gas utilities and dedicated gas employees have been and continue to be an integral part of Entergy, which is why it was imperative to approach this decision with thoughtful and deliberate consideration. I want to thank our employees for their hard work and accomplishments," Drew Marsh, Entergy Chairman and CEO.