Bernhard Capital Partners to acquire New Mexico Gas Company from Emera for $1.25bn.

Bernhard Capital Partners, a private equity firm, agreed to acquire New Mexico Gas Company, a utility company, from Emera, an international energy and services company, for $1.25bn. "This transaction strengthens Emera's balance sheet, supports our ambitious capital plan and reinforces our strategic decision to optimize our portfolio and reallocate capital to our highest growth markets to drive long-term value for our shareholders. New Mexico Gas is a strong regulated utility with a customer-focused team. We're proud of the work we have done together over the past eight years to drive customer growth and enable more than $800m in strategic capital investments to expand and maintain a safe, reliable system that will serve New Mexicans for decades to come," Scott Balfour, Emera President and CEO.