Utilities Acquisitions in Louisiana
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July 2, 2020
- Buyer
- Sparks Holdings, Inc., Sparks Energy, Inc.
- Target
- Echo Powerline, LLC
- Industry
- Utilities
- Location
- Louisiana, United States
- Type
- Addon
Sparks Holdings, Inc., an investment affiliate of Sparks Energy, Inc., acquired Echo Powerline, LLC, a Bunkie, Louisiana-based powerline construction and utility contractor. The deal expands Sparks' Gulf Coast market share and capabilities — Echo serves roughly 15 utility and government customers across Louisiana and Texas and will gain additional capacity and resources from Sparks.
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- Buyer
- Bernhard Capital Partners Management, LP
- Target
- Ascension Wastewater Treatment
- Industry
- Utilities
- Location
- Louisiana, United States
- Type
- Buyout
Bernhard Capital Partners Management, LP led a group of investors in the acquisition of Ascension Wastewater Treatment (AWT), the largest privately owned sewer utility operator in Louisiana. The buyer committed a two-month customer rebate (~$1.5 million total) and plans to invest in sewer infrastructure and expand AWT’s service footprint to additional communities to improve resiliency and service delivery.
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