DIF Capital Partners has acquired US energy-as-a-service provider Bernhard.
The energy specialist is a market leader and has entered into a number of long-term turnkey energy concessions, including the largest EaaS concession in US history and a number of retrofit P3s.
Bernhard’s senior management will retain a “meaningful ownership position” under the deal, and will continue leading the firm.
The move will help Bernhard “continue the acceleration of its market leading core EaaS business” into the healthcare and higher education sectors, as well as widening the scope to new geographies and markets.
“As Bernhard continues pushing to new heights in the EaaS market, we are excited to join forces with DIF Capital Partners given its extensive experience with public-private partnerships, district energy, Energy-as-a-Service projects, and a shared commitment to efficiency, ESG and sustainability,” said Ed Tinsley, Bernhard CEO.
JP Morgan and Kirkland & Allis advised Bernhard on the deal. Macquarie, White & Case, Black & Veatch Management Consulting, RWDI, Deloitte and Oliver Wyman supported DIF.