Phelps Advises CenterPoint Energy as Local Counsel in $1.2 Billion Sale to Bernhard Capital Partners

Phelps advised CenterPoint Energy, a leading energy company that serves more than 7 million metered customers, as local real estate, regulatory and transaction counsel in its $1.2 billion sale to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm. The assets involved in the transaction included approximately 12,000 miles of main pipeline in Louisiana and Mississippi, serving 380,000 metered customers.

More information about the transaction can be found in the company’s news release.

The Phelps team was led by real estate and transaction partners Jeffrey Tomlinson, Madison DeWitt, Jon Benda, Jeffrey Barbin, Randy Roussel and Trevor Haynes, utility regulatory partner Paul Guarisco, environmental partner David Topping, and a team of over a dozen associates from across the Phelps footprint.