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Bernhard Capital buys Ascension Wastewater Treatment

Bernhard Capital Partners Management LP added Ascension Wastewater Treatment, a Louisiana-based operator of private sewer utilities, to its portfolio.

Ascension will initially focus on expanding into communities with critical environmental and infrastructure needs.

The service and infrastructure-focused private equity firm said it will provide a two-month rebate to all of Ascension's customers in light of the coronavirus pandemic, representing a total rebate of about $1.5 million.

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