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County sewerage authority testing equity market, issue stresses board


How exactly such an investment deal might work and what the authority would do or legally could do with the money is unsettled, despite a two-hour meeting. Even the language of the bid solicitation is uncertain.
The proposal affects a broad area of southern Cumberland County. The authority is a regional sewerage system provider, with contracts with Bridgeton and the townships of Upper Deerfield, Hopewell, Deerfield, and Fairfield.
The authority also has contracts with TIP’s Trailer Park in Fairfield and the Federal Correctional Institution at Fairton, and it has serviced county buildings including its technical school.
On Thursday, authority commissioners grudgingly listened to a representative of the private equity firm Bernhard Capital Partners. Ron DeGregorio previously had met the authority’s three-member Finance Committee and the CCUA legal counsel. ....

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Bernhard partner: Private investment in PWC would benefit Fayetteville


I remain available at your convenience to meet with you to work out a path to inform the public about BCP’s proposal and underlying assumptions. I would kindly ask that PWC executives advise me of availability for such a meeting. We also encourage a fully transparent process that allows the residents to participate and form their own opinions about BCP’s proposal.
I also want to emphasize that BCP continues to believe that private investment in the PWC can greatly benefit the residents of the greater Fayetteville metropolitan area, PWC and its customers. BCP’s proposal is an opportunity to take the accumulated equity in PWC and return it to PWC’s owners the residents of Fayetteville while continuing to own PWC and its assets. ....

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