Cleco to be acquired by Stonepeak and Bernhard Capital Partners

Cleco Group LLC, a Pineville-based electric utility serving nearly 300,000 customers across Louisiana, is set to be acquired by infrastructure investment firm Stonepeak and Bernhard Capital Partners under a newly announced agreement. The transaction will transfer ownership from a consortium that includes Macquarie Asset Management, British Columbia Investment Management Corporation and Manulife Investment Management. Upon…