Infrastructure fund manager DIF Capital Partners is buying the largest privately-owned energy-as-a-service solutions company in the US.
The manager said its DIF Infrastructure VI fund has agreed to buy Bernhard, a portfolio company of Bernhard Capital Partners.
Financial details were undisclosed.
Bernhard has provided solutions to its customers鈥� energy and infrastructure needs for more than 100 years and shifted its focus in 2014 to becoming an energy-as-a-service provider.
With DIF鈥檚 acquisition of Bernhard, the company will continue the acceleration of its core energy-as-a-service business to healthcare and higher education facilities while expanding those services to other markets and geographies.
Gijs Voskuyl, partner and head of investments for DIF Infrastructure VI, said: 鈥淏ernhard delivers distributed energy through its unique energy-as-a-service model which provides clients access to fully integrated and efficient energy solutions, thereby significantly reducing the carbon footprint of their buildings and utility systems.
鈥淏ernhard鈥檚 approach fits perfectly with DIF鈥檚 Public-Private Partnership expertise and ambition to invest in clean energy infrastructure solutions around the globe.鈥�
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