Bernhard Capital Partners to Invest in Ascension Wastewater Treatment
Neither Side Disclosed Terms of the Deal.
Bernhard Capital Partners will invest in Ascension Wastewater Treatment, the largest private sewer utility operator in Louisiana. The private equity firm specializes in services and infrastructure.
“Leveraging our team’s decades of experience leading complex utility operations with AWT’s expertise will ensure high-quality, cost-effective and sustainable wastewater services for Louisiana residents for years to come,” said Jeff Jenkins, partner at Bernhard Capital, “We’re excited to partner with such an established company to expand our footprint in Louisiana. This investment will serve as a platform to work with Louisiana communities to identify concerns, develop solutions and ultimately improve water and wastewater systems as well as other environmental infrastructure across the state.”
Bernhard Capital Partners and Ascension Wastewater
Ascension Wastewater founded in 1994 as a private family-run company. It is now the largest privately-owned sewer utility company in Louisiana. The firm owns and operates approximately 230 lift-stations and sewer treatment plants. Its developments span Ascension, Livingston, and East Baton Rouge Parishes.
“Over the years, our company has always focused on providing excellent customer service and maintaining the highest level of compliance with all federal and state environmental requirements owner of AWT,” said Tom Pertuit, the owner of Ascension Wastewater Treatment. “With the resources and expertise Bernhard Capital brings to the table, we are well-positioned to expand our business through prompt upgrades to our operational systems and infrastructure to provide customers the highest quality services at the lowest possible price.”
Latest Alternative Investment News
Carbon emissions dominated the headlines this week. The European Commission has announced an ambitious plan to shift toward a green economy and make the EU carbon-neutral in the year ahead….
Kirkoswald Asset Management will stop accepting new investors when the fund hits nearly $2 billion. Reuters reports that the two-year-old fund will close itself to new investors at the end…
Fundbox, the fintech startup that finances SMEs, is planning a potential IPO. Fundbox has appointed Marten Abrahamsen as its CFO effective this January. Abrahamsen was previously a partner at The…
Such is the power of Kyle Bass, the hedge fund manager who correctly predicted the crisis from US subprime mortgages in 2007. The Hong Kong Monetary Authority deemed it appropriate…