Bernhard announces corporate headquarters in Jefferson Parish
(METAIRIE, La) – The Jefferson Parish Economic Development Commission
(JEDCO), in partnership with Greater New Orleans Inc. and the Jefferson Parish Council & Administration, is pleased to welcome the corporate headquarters of one of the largest privately-owned engineering, mechanical and electrical contractors in America. Bernhard
announced that it will combine its Greater New Orleans offices and establish its national corporate headquarters in Jefferson Parish, effective in 2020. The firm will be based in The Galleria, which is owned and managed by The Feil Organization, located at One Galleria Blvd. in Metairie. Bernhard will employ approximately 250 local team members at its headquarters with expectations for continued job creation and growth.
“Jefferson Parish is proud to welcome Bernhard’s corporate headquarters and investment,” said JEDCO President and CEO Jerry Bologna. “Bernhard is an innovator in its industry, renowned throughout the US for its focus on sustainability. This decision will bring prestige and global interest to our community and is further affirmation that Jefferson Parish, with its connectivity and business-friendly environment, is a premier destination for national and international headquarters.”
Established in 1919, Bernhard is composed of four companies with distinct service offerings, including Bernhard Energy, Bernhard MCC, E.P. Breaux and Bernhard TME. These companies intersect to form an innovative engineering, construction and energy solutions firm focused on providing sustainable futures to its clients and traditional markets through an “Energy-as-a-Service” platform. Collectively, Bernhard employs more than 2,000 team members in 25 locations throughout the U.S., with more than 1,000 employees based in Louisiana.
“This is an exciting growth period for Bernhard,” said Bernhard Chief Executive Officer Ed Tinsley. “For more than 100 years, Bernhard has called Louisiana home. This move will help us continue building the next 100 years of Bernhard in Louisiana as we advance our historical lines of business and simultaneously invest in the future of energy technology, efficiency and related services.”
“New Orleans meets the criteria we sought for our new headquarters, both in access and convenience for our team,” said Bernhard MCC President Philip Catanzaro. “This move will consolidate our growing New Orleans area workforce in one location to allow for greater collaboration and innovation and serve as an essential asset for our continued recruiting efforts and ever-expanding team.”
“We are delighted that Bernhard selected our Galleria building for their national corporate headquarters and look forward to having them as a tenant long term,” said The Feil Organization Regional Director of Asset Management Colette Wharton.
Greater New Orleans Inc. estimates the approximate 250 direct jobs in Bernhard’s new Metairie headquarters will help drive another 328 indirect and induced jobs in the energy and technology sectors, totaling more than $42 million in annual salaries and contributing nearly $60 million annually to the Greater New Orleans economy.
“Bernhard’s decision to locate its national headquarters in Metairie is exciting and continues the tremendous growth we have seen in recent years in our energy, technology and service sectors,” said President and CEO of Greater New Orleans Inc. Michael Hecht. “This is a partnership that will support hundreds of jobs and generate economic impact for years to come. We are excited to support Bernhard’s global growth from Greater New Orleans.”
“We are thrilled by this major economic development announcement for Jefferson Parish,” said Jefferson Parish President Mike Yenni. “Bernhard will bring new jobs, investment and opportunity into our community in sectors that we know are critical to the long-term growth and sustainability of the entire region. We look forward to working in partnership with Bernhard to drive that growth in Jefferson Parish.”
“This is a major win for Metairie,” District Five Councilwoman Jennifer Van Vrancken added. “This move for Bernhard adds another high-profile corporate headquarters to our thriving business core in Metairie.”
“Having such a respected leader and name in the energy industry locate its headquarters in our backyard is truly a home run for our local and regional economy,” said President of the Jefferson Chamber of Commerce Todd Murphy. “Bernhard will see seamless and continual support from our community and fellow business leaders – the likes of which you simply can’t get anywhere else in the world.”
Bernhard is one of several portfolio companies owned by Bernhard Capital Partners Management, LP, a service-focused private equity firm based in Baton Rouge, Louisiana. The firm has raised more than $2 billion in committed capital and strategic co-investment since its inception in 2013, deploying capital into companies primed for growth via operational improvement and management support. The worldwide portfolio companies of Bernhard Capital employ more than 18,000 people.
Corporate Realty was the procuring broker on both the landlord and tenant side of the lease transaction.
For over 100 years, Bernhard has been dedicated to developing innovative solutions, executing on-time and under-budget project delivery and offering exceptional professional service to clients across the country. Bernhard’s more than 2,000 employees operate in 25 locations, providing tailored solutions to accomplish customers’ goals in the most effective and efficient way possible. With safety and corporate responsibility as the cornerstone of all services and operations, Bernhard is committed to making a positive impact in the communities in which its employees live and work. For more information, visit bernhard.com
About The Feil Organization
For over 65 years, The Feil Organization, an established investment, development and management firm based in New York City, has been a powerful force in real estate. We have achieved success by adhering to a core group of principles: diversity of holdings to weather fickle financial trends and climates; low debt to keep capital working for us and our clients; and extensive expertise to manage and operate our own properties.