Bernhard Capital Partners has completed its acquisition of New Mexico Gas Company from Emera Inc., following approval from the New Mexico Public Regulation Commission.
The acquisition allows NMGC to continue its operations under its current name and management team, with headquarters remaining in Albuquerque.
This deal is part of Bernhard's expanding portfolio of regulated utility companies, which includes National Water Infrastructure, Clear Current, Delta Gas Company, and Magnolia Gas Company.
Earlier this year, Bernhard also announced plans to acquire Cleco, pending approval and closing.
"Essential infrastructure is what enables strong communities and growing economies. That belief has guided Bernhard Capital Partners since our founding, and it is why we invested in New Mexico Gas Company," said Jeff Jenkins, Founder & Managing Partner at Bernhard. "NMGC is a well-managed utility with a talented workforce, a proven track record and an essential role in New Mexico's future."