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Joele Frank is working for Baton Rouge’s Bernhard Capital Partners as it acquires New Mexico Gas Co. from Halifax-headquartered Emera Inc.
The $1.3B deal includes assumption of about $500M in debt.
Emera acquired NMGC, which is the largest natural gas facility in The Land of Enchantment, in 2016.
It has invested about $800M to boost the reliability of its 12K miles of transmission and distribution pipeline network, and to promote growth in its 545K customer base.
Jeff Jenkins, BCP’s founder/partner, said the NMGC transacrtion “aligns with his strategy to invest in infrastructure assets and utilities that are critical in building more resilient communities.”
BCP has more than $4B in assets under management.
Joele Frank, Wilkinson Brimmer Katcher’s Ed Trissel and Erik Carlson represents BCP.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
