#United States #Albuquerque #Bernhard Capital #New Mexico Gas #NMGC

Bernhard Capital Partners Completes Acquisition of New Mexico Gas Company

Baton Rouge, Louisiana – In a significant move for infrastructure investment, Bernhard Capital Partners, a firm specializing in private market investments, recently finalized its acquisition of the New Mexico Gas Company (NMGC) from Emera Inc. This acquisition was announced and celebrated on August 12, 2026, marking a noteworthy expansion of Bernhard's utility portfolio, which already includes several regulated companies.

Strategic Importance of NMGC

New Mexico Gas Company is recognized as the largest regulated natural gas utility in the state, serving a substantial customer base of over 550,000 homes and businesses. It is based out of Albuquerque and is ranked among the top 40 natural gas utilities nationwide by the total customer count. NMGC prides itself on operational excellence and safety, with a dedicated workforce of around 750 employees actively managing more than 12,000 miles of pipeline across New Mexico. This strategic acquisition aligns perfectly with Bernhard's philosophy that essential infrastructure is the backbone of growing economies and thriving communities.

A Commitment to Excellence

Jeff Jenkins, Founder and Managing Partner at Bernhard Capital Partners, expressed his enthusiasm for the acquisition, emphasizing the company's commitment to investing in essential infrastructure. Jenkins stated, "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." He highlighted NMGC's strong management team and proven performance record, which were pivotal in Bernhard's decision to proceed with the acquisition.

The deal was made official following approval from the New Mexico Public Regulation Commission, ensuring that NMGC will operate under its existing name and management structure, allowing for a seamless transition. Jenkins affirmed the firm's aim to work closely with NMGC's management, regulators, and local communities to foster ongoing investment and uphold a focus on delivering safe and affordable natural gas services.

Expanding Infrastructure Portfolio

The acquisition of NMGC reflects Bernhard's broader strategy of building a robust portfolio of regulated utility companies. This move not only enhances Bernhard's operations but also underscores its commitment to providing essential services across various regions. NMGC joins a distinguished roster of utility companies under Bernhard's investment umbrella, which includes National Water Infrastructure, Clear Current, Delta Gas Company, and Magnolia Gas Company. Moreover, earlier this year, Bernhard announced an intention to acquire Cleco, further indicating the firm's ambition in the utilities sector.

About Bernhard Capital Partners

Bernhard Capital Partners stands as an influential entity in the private equity arena, focusing on significant investments in infrastructure and asset platforms across vital sectors. Managing over $6 billion in assets, the firm employs a strategic investment approach, blending deep sector expertise with operational experience. This methodology aims to enhance performance and promote long-term growth while ensuring consistent returns for investors and communities.

For further details on investments and initiatives, visit Bernhard Capital Partners. Follow the progress and updates related to New Mexico Gas Company at NMGC. By establishing robust partnerships and focusing on essential services, Bernhard Capital Partners is poised to deliver lasting impacts in the utility sector, contributing significantly to the infrastructure that supports millions of Americans.