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Read the latest updates from Bernhard.

Bernhard Announces Acquisition of ETC Group; Further Advancing Technological Operations

ETC Group brings expertise in navigating complex buildings

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Bernhard, the largest privately-owned Energy-as-a-Service company in the United States, announced this week the completion of its acquisition of ETC Group, LLC, which includes software subsidiary companies BuildingFit and GrowFit Analytics. ETC Group is a leader in energy efficiency and commissioning that has provided services to reduce building energy waste, reduce operational costs, and create healthy and comfortable environments to patients and tenants for more than 30 years.

“Along with decades of success, ETC Group brings to Bernhard a highly qualified team with a unique skillset that has pushed the boundaries of what’s possible through technology in our industry,” said Tim Staley, president of engineering at Bernhard. “They have proven to be trendsetters, innovators, and changed the landscape of how facilities use technology to achieve more energy efficiency.”

Bernhard’s acquisition provides support and resources that will bolster ETC’s continued growth. Based in Utah with offices in Arizona and Nevada, ETC Group prides itself in delivering innovative solutions to complex engineering problems and for implementing leading-edge data analytics techniques. With the acquisition, Bernhard will expand its national presence and nearly double their software development capabilities.

ETC Group and Bernhard have enjoyed a working relationship during the last three years, which has seen collaboration on multiple projects in the United States. This past relationship highlights shared core values and a passion in finding the best solutions to guide facilities on their energy-saving journey.

Bernhard has provided solutions to its customers’ energy and infrastructure needs for more than 100 years before shifting its focus in 2014 to becoming a leading Energy-as-a-Service (EaaS) provider. To date, Bernhard has closed 15 EaaS transactions, including the largest EaaS healthcare concession in U.S. history and has more than $750 million in total EaaS financed investments over the past four years.

“This opportunity is made possible because of the incredibly talented employees that have made ETC Group the company that it is today,” said Spencer Shaffer, ETC Group CEO. “We are thrilled at the opportunity to join the Bernhard family and for our clients to now receive not the same, but heightened levels of results we have been trusted to provide for 34 years.”

Claudia M. Meer Joins Bernhard Board of Directors

Leading Energy-as-a-Service executive joins Bernhard’s strategic team

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Bernhard, the largest privately-owned, Energy-as-a-Service (“EaaS”) company in the United States, welcomes Claudia Meer to its board of directors. Ms. Meer joins a board composed of Ed Tinsley, Bernhard’s CEO, and members of DIF Capital Partners (“DIF”), Bernhard’s majority owner, through its DIF Infrastructure VI fund.

Based in the Washington, D.C. area, Ms. Meer brings a wealth of rich executive and board-level experience in the EaaS space. Ms. Meer formerly served as Chief Investment Officer and CFO, of AlphaStruxure, an EaaS joint venture between The Carlyle Group and Schneider Electric, formed to develop and fund clean energy infrastructure. Prior to AlphaStruxure, Ms. Meer was the CEO of Dalkia U.S. and ran the public-private partnership and clean energy development and investment groups at Clark Construction.

“Claudia’s industry leading expertise driving the realization of organic and inorganic growth strategies in Energy-as-a-Service companies will be an invaluable asset to Bernhard.” said Tinsley. “Ms. Meer will be an instrumental resource as Bernhard embarks on its next chapter of growth and expands its focus on distributed generation technologies to support its customers.”

“It is an honor to be working with one of the best teams in the EaaS industry as Bernhard continues to set the standard in energy services,” said Ms. Meer. “This group is strategic, thoughtful and focused on the future for its clients and for ESG services and is continuously seeking innovative and responsible solutions.”

Ms. Meer holds a Masters in International Finance and Management from Harvard University and a Bachelors in International Economics and Diplomatic History from the University of Pennsylvania. She actively volunteers in advisory capacities with The Penn Fund Executive Board, Maryland Clean Energy Center, and Boost Innovation Company.

Tulane University and Bernhard Announce Partnership to Optimize Energy Infrastructure and Improve Resiliency

Project significantly reduces Greenhouse Gas Emissions and bolsters reliability of campus infrastructure

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Bernhard and Tulane University announced this week a 30-year Energy-as-a-Service partnership that includes large-scale and immediate improvements to campus infrastructure and the construction of a 1-megawatt solar generation facility that will produce 10% of the university’s total electricity needs at its uptown campus. The upfront improvements are expected to significantly reduce Tulane’s cumulative annual Greenhouse Gas (GHG) emissions with the ultimate goal of reaching carbon neutrality by 2050.

Drawing inspiration from the concerted sustainability efforts of Tulane and Bernhard, Project RISE (Renew, Innovate, Sustain, Engage) addresses significant capital renewal, sustainability and energy optimization priorities across Tulane’s uptown and downtown campuses. Through the innovative partnership, Tulane will accelerate the delivery of campus upgrades that will increase the resiliency and reliability of critical infrastructure on Tulane’s campuses. Bernhard is also guaranteeing significant annual utility cost savings over the length of the agreement, a commitment that includes bringing one or more Tulane buildings to certified Net Zero Energy status by 2025.

“This partnership is a major step forward in Tulane’s continued commitment to environmental sustainability. Through it we will significantly reduce our greenhouse gas emissions as we journey toward a carbon neutral future that also fully supports our critical research and educational missions,” Tulane President Michael Fitts said. “By increasing efficiency, building resilience and seeking alternative energy sources, the Bernhard and Tulane partnership is expected to also achieve the goal of a 30% reduction in greenhouse gases by 2025 as outlined in Tulane’s Climate Action Plan.”

“We see this partnership with Tulane as not only beneficial for their campus, but the entire state of Louisiana,” said Ed Tinsley, Bernhard CEO. “Tulane and Bernhard’s efforts in creating a more sustainable and resilient future with optimized energy usage and reduced carbon profile will have a positive ripple effect throughout the region.”

Being located in one of the world’s most active hurricane zones has granted Tulane University a unique perspective on the necessity of a reliable power supply. “Lack of consistent power during a weather event or local infrastructure failure can be detrimental to operations, academic instruction and the student experience and may cause catastrophic loss of research materials and specimens,” said Patrick Norton, Senior Vice President and Chief Operating Officer at Tulane. “With Bernhard, we have made a commitment to strengthen Tulane’s infrastructure on both the downtown and uptown campuses in a financially and environmentally responsible way.”

At commencement of the partnership, Tulane will transfer the risk of energy operations and maintenance to Bernhard. Bernhard’s team will immediately design and upgrade campus energy infrastructure including lighting, combined heat and power, standby electrical power, building automation, heating water, steam, and domestic and chilled water. Monitoring of asset performance and measurement and verification of energy savings throughout the project will be provided through Bernhard Connect®.

“We are proud to partner with Tulane to upgrade its energy infrastructure and to assist the university in reaching its goal of 30% emission reduction by 2025 and carbon neutrality by 2050,” said Rob Guthrie, Bernhard’s Chief Development Officer. “Project RISE not only provides the university with long-term operational certainty over the next three decades, but also insulates Tulane from natural disasters. The unique combination of distributed generation and energy efficiency strategies will reduce the university’s peak electrical grid demand by nearly 50%.”

The university was supported in the transaction by a group of advisors, including Ernst & Young Infrastructure Advisors, LLC (EYIA) as lead. Other supporting advisors included Baker-Donelson, LLP, McGuire-Woods, LLP, Deloitte Touche Tohmatsu Limited, and RMF Engineering, Inc.

Bernhard Eclipses $135,000 towards Lymphoma and Leukemia Research with 6th Annual Light The Night Golf Tournament

Donations Fund Lifesaving Research by Leukemia and Lymphoma Society

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Bernhard’s 6th annual Light The Night golf tournament was held on Monday, Oct. 25 and all funds raised at the event were donated to the Leukemia and Lymphoma Society. During the tenure of the tournament, Bernhard has raised more than $135,000 for cancer research.

The Leukemia and Lymphoma Society is the largest nonprofit dedicated to blood cancer research in the United States and is the largest funder of cutting-edge research to advance cures. They have invested nearly $1.3 billion in research, leading the nation in advancing breakthroughs in immunotherapy, genomics and personalized medicine.

“We all want to see an end to cancer,” said Ralph Stingo, business unit manager at Bernhard’s Raleigh, N.C. office. “Light The Night is our largest community experience where we partner with companies to bring light to the darkness of cancer and raise funds for our mission.”

Light The Night is a series of fundraising campaigns across the United States funding of research for blood cancer cures. Bernhard continues to support Light The Night by hosting its annual golf tournament and accepting monetary donations to support patients, survivors and their families. This year’s tournament was held at Hasentree Country Club in North Carolina, where over $29,000 was raised.

“Bernhard believes in nurturing strong community contributions and serving surrounding communities as if they are one of our most cherished customers – because they are,” said Alyssa Jaksich, vice president of environmental, social and governance at Bernhard.

Stingo has been a part of the Executive Committee for the North Carolina Lymphoma and Leukemia Society for five years, and leads a team with fellow Bernhard team members each year to manage the logistics of the golf tournament.

“Our mission begins and ends with the ever-powerful word: cure,” said Stingo. “We are focused on curing blood cancers through our three pillars of research, patient access and advocacy.”

Melissa Samuel Named to Ragan’s 2021 Top Women in Wellness & HR

Louisiana local recognized for expertise in strategic human resource management

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Ragan Communications announced that Melissa Samuel, chief legal officer at Bernhard, has been named to its 2021 Ragan’s Top Women in Wellness and Human Resources list. Leading the HR team at the largest privately-owned Energy-as-a-Service (EaaS) company in the United States, Samuel has been recognized for her expertise in strategic human resource management.

Ragan’s Top Women in Wellness and HR are defined as those leading the charge when it comes to employee health (financial, mental, physical and social), performance management, diversity and inclusion, organizational development, talent recruitment and retention, compensation and benefits, human resources information systems, training and development, coaching and corporate leadership.

“Melissa’s expertise has been indispensable as we continue to innovate our services and experience growth,” said Jim Sabin, COO of Bernhard. “She has been a vital piece in our recruitment and retention of the best talent in the industry. We are proud she has received such prestigious recognition for her commitment to creating a better workplace and doing what she champions in all aspects of her life: investing in people.”

Samuel works to build bridges between internal communications, external communications and marketing, legal, HR and the executive leadership team at Bernhard. With Samuel’s counsel, Bernhard has seen a 75% reduction in annual spend on professional placement firms and a more than 40% reduction in its use of third-party labor. Samuel effectively improved the company’s bottom line by avoiding placement fees and vendor markup, while investing in individuals at all levels and rewarding longevity.

“As the largest privately-owned EaaS company in the country, we believe maintaining a strategic human resource department is imperative to fueling our growth,” said Samuel. “I’m thrilled to be named to Ragan’s 2021 Top Women in Wellness & HR as we continue to look for new opportunities to grow and sustain our company’s talent while also evolving our company culture to better serve our clients.”

With more than 25 years of legal experience and more than 13 years of experience in the engineering and construction industry, Samuel is focused on strong partnerships with operations to find optimal and sustained solutions. Prior to joining Bernhard, Samuel served as senior vice president for H&E Equipment Services overseeing HR, legal and safety, and as vice president and associate general counsel for The Shaw Group, Inc.

New Hires Announced in Bernhard Development Division

Industry professionals bring experience in specialized finance market

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Bernhard announced today multiple hires in its development division. The hires include Daniel Allen, named senior vice president of capital markets, and David Krauss and Frank Ferramosca, CPA, as vice presidents of business development.

“The varied and unmatched industry knowledge of each of these hires will enable us to be more strategic in our business endeavors and continue elevating our client support,” said Rob Guthrie, executive vice president of Bernhard’s development division.

Allen is responsible for supporting the development team in the structuring and funding of long-term partnerships ranging from 15 to 50 years. He utilizes his industry knowledge to lead financing activities in support of Bernhard’s rapidly-growing energy infrastructure program. Allen has 15 years of industry experience with Raymond James Public Finance and Structured Finance groups. Throughout his career, he served issuers across the United States in industries including healthcare, higher education and utilities. Allen holds a Bachelor of Science in finance from the University of Memphis.

Ferramosca and Krauss both joined Bernhard in September and will jointly oversee the structuring of Energy-as-a-Service (EaaS) projects. Both have a decade of experience in the financial industry and join the Bernhard team after previously working in Bank of America Merrill Lynch’s Healthcare Investment Banking Group. Their successful execution of a few dozen structured finance infrastructure projects as well as M&A strategic transactions made both Ferramosca and Krauss valued additions to the Bernhard team. Krauss received his Bachelor of Science in Human & Organizational Development with a minor in Financial Economics & Corporate Strategy from Vanderbilt University and lives in New York. Ferramosca is a Certified Public Accountant (CPA) with a Bachelor of Science in Accounting and Finance from the University of Maryland and lives in Tampa, FL.

DIF Capital Partners Invests in Sustainability and Energy Solutions with Acquisition of Bernhard, LLC

DIF Capital Partners (“DIF”), a leading global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, today announced an agreement to acquire Bernhard, LLC (“Bernhard”) the largest privately-owned Energy-as-a-Service (“EaaS”) solutions company in the United States, from an affiliate of Bernhard Capital Partners.

Bernhard has provided solutions to its customers’ energy and infrastructure needs for more than 100 years and shifted its focus in 2014 to becoming a leading Energy-as-a-Service provider. As part of this business model, Bernhard enters into long-term turnkey EaaS concession contracts to upgrade, retrofit and service large existing building energy facilities in order to achieve substantial energy savings. Clients are currently predominantly higher education and healthcare institutions. To date, Bernhard has closed 15 EaaS transactions, including the largest EaaS concession in U.S. history. Senior management will retain a meaningful ownership position and continue its groundbreaking work leading Bernhard.

“Bernhard delivers distributed energy through its unique EaaS model which provides clients access to fully integrated and efficient energy solutions, thereby significantly reducing the carbon footprint of their buildings and utility systems. Bernhard’s approach fits perfectly with DIF’s Public-Private Partnership expertise and ambition to invest in clean energy infrastructure solutions around the globe.” said Gijs Voskuyl, Partner and Head of Investments for DIF Infrastructure VI. “We are excited to partner with Bernhard’s outstanding management team and support the company in their rapid growth at the forefront of the energy transition.”

“As Bernhard continues pushing to new heights in the EaaS market, we are excited to join forces with DIF Capital Partners given its extensive experience with Public-Private Partnerships, district energy, Energy-as-a-Service projects, and a shared commitment to efficiency, ESG and sustainability” said Ed Tinsley, Bernhard CEO. “The support and strategic counsel from DIF will help to guide Bernhard through the next chapter of our story.”

With DIF’s acquisition of Bernhard, the company will continue the acceleration of its market leading core EaaS business to healthcare and higher education facilities while expanding those services to other markets and geographies.

“The future of Bernhard has never been brighter,” said Tinsley. “Our track record proves we have the expertise and capabilities to push the industry to places it has never been before. With this announcement, we are truly at the forefront of a new era for energy solutions that will shape the world for generations to come.”

Bernhard Crews Provide 24/7 Disaster Response Across South Louisiana as Hurricane Ida Devastates Facility Operations

As Hurricane Ida entered the Gulf of Mexico days before the 16th anniversary of Hurricane Katrina, prognosticators warned residents the storm could quickly ramp up to a Category 5 with devastating results for South Louisiana.

“This is one of the strongest storms to make landfall in modern times,” said Louisiana Gov. John Bel Edwards in the hours before Hurricane Ida descended on the region.

Roads began to fill with cars evacuating to neighboring states for shelter. Bernhard service vehicles were some of the few driving into expected disaster zones as crews were on emergency response standby.

“In Louisiana, storms are a way of life and we make sure storm response is integrated into our services so we can immediately address any concerns,” said Phil Garcia Jr., Bernhard executive vice president.”  “We are here to fully integrate and become part of facility operations, whether it is a storm, finding more efficient energy solutions or from a facility management standpoint.”

Hurricane Ida delivered on forecasters’ early projections and ravaged the region with maximum winds of 150 miles per hour, just shy of the 157 M.P.H. threshold to become a Category 5. Facilities and residents felt the impact as Ida menaced the area and left nearly one million people without power across Louisiana. Bernhard crews quickly went into action as power failed around the region, and managed to keep their customers running throughout the Category 4 storm with around-the-clock support.

“I am overwhelmed with pride in the Bernhard team,” said Michael Cooper, Bernhard executive vice president. “They have shown perseverance, ingenuity, technical aptitude, and in many instances bravery to act to avoid catastrophic failure in the highest pressure scenario possible.”

Bernhard partners include a majority of healthcare facilities across the region, which increased the importance of keeping facility operations going not only through the storm, but in the aftermath. With lives potentially at stake, crews used their versatility and technical excellence to address a wide variety of challenges.

“At Bernhard, we are there when facility operations need us the most,” said David Bell, electrical division president. “We allow them to focus on their mission-critical operations without the added stress of worrying about their energy operations during a disaster scenario.”

Utilities Restored

Many catastrophic failures were avoided thanks to Bernhard technicians and operators who embedded at customer facilities ahead of the storm. This enabled team members to react quickly and appropriately as Ida made landfall.

A primary concern following the hurricane was restoring power and air-cooling capacity to mission-critical facilities. Bernhard delivered dozens of backup generators while on-site crews kept generators running and repaired previously installed units if problems arose.

“There is no easy template to follow during disaster relief,” said Cooper. “Everything happens at a rapid pace and crews have to be incredibly flexible and quick with decision making.”

Crews were tested early in healthcare centers as an influx of displaced patients from neighboring facilities had to be rerouted to new rooms. Bernhard teams prepared 15 existing patient rooms in real-time by replacing, testing and repairing all outlets and light fixtures as needed and relocating multiple headwall rough-ins and outlets.

Bernhard’s electrical division is still providing 24/7 standby maintenance at four separate hospitals in the region and continue to observe generator function, check fuel levels, and assist in maintenance repairs needed while on site.

In one instance, teams delivered and installed two 500-ton air cooled chillers that enabled for full cooling of a hospital. In another, a generator caught fire forcing Bernhard teams to quickly bring redundant generators online.

Another challenge faced was when a campus lost access to domestic water and Bernhard teams had to either shift to river water or well water with filtration as a backup. This included providing piping connections from potable water tanks back to campus.

Wind Repair

Hurricane Ida’s cataclysmic wind speeds saw extreme roof damage throughout the region and even caused a roof to rip off at a Bernhard-serviced site. The team immediately re-piped the roof draining and plumbing system for the temporary roof to quell the risk of further damage. Afterwards, two tractor trailers of plywood and a trailer of drywall were delivered by Bernhard to utilize in the build back.

Everything in Between

Even though Bernhard is known primarily for their unparalleled energy services, the team also flexed their logistical capabilities by delivering more than 200,000 gallons of diesel to customers within the first five days of the storm’s landfall as it became apparent their normal suppliers would not be able to traverse the damaged roadways.

“The partnership between Bernhard and our customers has been excellent,” Cooper said. “It takes a true team to pull this together across so many facilities in a ravaged region.”

Cooper said the team will assess the challenges and successes from Hurricane Ida and use this as a learning experience to even better prepare for the next disaster. In South Louisiana, it’s not a matter of if another storm will hit, it’s a matter of when.

“We’ll have a lessons learned session immediately after the recovery to see where we can extend our disaster response and make these situations easier for everyone,” he said. “At Bernhard, we believe there’s always room to improve and always more we can provide to our communities and customers.”

To learn more about Bernhard’s disaster response services including their efforts during the COVID-19 pandemic, visit https://bernhard.com/disaster-response/

Bernhard Nominated for Project of the Year at Global P3 Awards 2021

Alabama project honored in Project of the Year – Social Infrastructure category

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Bernhard, the largest privately-owned integrated solutions and energy services provider in the United States, has been honored as a finalist for Project of the Year in P3 Bulletin’s P3 Awards 2021. Finalists from across the world have been selected for their excellence in the area of Public Private Partnerships (P3).

“It is an honor to be recognized globally for our work in the P3 arena,” said Rob Guthrie, executive vice president of the development division at Bernhard. “Each of these projects offer unique benefits for the public sector, and we are proud to be among the leaders of this movement in the United States.”

The P3 Awards 2021 spotlights multiple categories celebrating the exemplary organizations, projects and individuals that have strengthened the development and implementation of P3s around the world.

Bernhard’s work with East Alabama Medical Center (EAMC) was selected as one of 10 finalists in the Project of the Year – Social Infrastructure category. The nominees include projects located in the United States and Canada.

“Bernhard has been an invaluable partner during COVID-19,” said Greg Nichols, executive vice president and administrator at EAMC. “Our work together turned a catastrophe into a catalyst for positive, long-lasting change for our organization, and the health of our community.”

Bernhard and EAMC entered an energy asset concession agreement giving Bernhard the right to use, maintain and renew EAMC’s energy infrastructure over a 30-year term. The project provided for crucial upfront energy optimization improvements, substantial projected annual energy savings, and a significant upfront cash payment to EAMC. The transaction is set to provide $826,000 in annual estimated energy savings and $30 million in improvements to the facility. The partnership not only provided EAMC exactly what it needed to meet patient and employee comfort needs, but also enabled an immediate allocation of crucial resources for fighting COVID-19 and saving lives.

The judging panel for the P3 Awards 2021 comprised a broad spectrum of more than 80 industry professionals representing both the public and private sector. The judges were selected based on their expertise, experience and integrity in the P3 market.

“Being shortlisted as one of the 10 best P3 projects in the world really speaks to the incredibly talented team we have at Bernhard and their willingness to innovate and push the industry forward,” Guthrie said.

Winners will be announced November 4, 2021, in New York City. To learn more about these awards and the other finalists, visit P3Awards.partnershipsevents.com. To learn more about Bernhard’s work with EAMC, visit Bernhard.com.

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Scott Waguespack Named Senior Vice President of Corporate Administration

Bernhard recently announced that Scott Waguespack has been hired as the company’s Senior Vice President of Corporate Administration. Waguespack is responsible for the management of all human resources, marketing and communications functions within the company, as well as facilities and key administrative functions.

Waguespack brings with him decades of experience in the HR and administrative realm. He will leverage his expertise in organizational development, employee engagement and performance management, and complex problem-solving to oversee and advance key initiatives and position Bernhard for continued growth.

“Scott’s expertise and relationship-focused mindset make him a valuable addition to the Bernhard team,” said Melissa Samuel, chief legal officer at Bernhard. “We know his leadership will help us grow in a sustainable, strategic manner to continue to deliver optimal solutions for our clients.”

With more than 25 years in this field, Waguespack is well-versed in assessing risk, developing strategies and implementing positive changes to achieve sustainability and growth in challenging market conditions.

“I look forward to building relationships with employees and clients alike at Bernhard,” said Waguespack. “I know I am joining a powerhouse team and together we can create opportunities for growth and the enhancement of our key values and goals.”

Waguespack has served companies in the oil and gas, technology, construction and fabrication, and engineering industries. He holds a Bachelor of Arts in general studies from Nicholls State University in Thibodaux, Louisiana.