Stonepeak and Bernhard Capital Partners to Acquire Cleco
Stonepeak and Bernhard Capital Partners have agreed to acquire Cleco, a regulated electric utility in Louisiana, from a consortium including Macquarie Asset Management, BCI, and Manulife Investment Management. The acquisition will maintain local management and operations, with Cleco continuing to serve 298,000 customers across 24 Louisiana parishes. The transaction is expected to support Cleco's long-term reliability and growth as a critical energy provider.
Tickers: $BCI
Topics: acquisition Bernhard Capital Partners Cleco Group LLC electric utility energy Louisiana Stonepeak