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Jim Bernhard, Chief Executive Officer of Bernhard Capital Partners, in his office overlooking the 'new' Mississippi River bridge in downtown Baton Rouge,Tuesday, Sept. 11, 2018. Bernhard stepped down as CEO of The Shaw Group in the wake of that companyÕs 2013 acquisition by CB&I. After that, Bernhard, Jeff Jenkins and a handful of other top executives from The Shaw Group founded BCP, a private equity firm that promised to invest in companies that operate in the energy services industry.

Bernhard Capital Partners Management said it has acquired a stake in The Lemoine Co., an 84-year-old Lafayette-based general contractor.

Financial terms of the deal, which was finalized Wednesday, were not disclosed. Jim Bernhard, the former Shaw Group founder who launched the private equity firm six years ago, said Lemoine is a leader in the construction management and community resilience industries.

"We look forward to working with The Lemoine Company's world-class management team to further their commitment to excellence, quality and customer service across current and future customers and markets," Bernhard said in a statement.

The Lemoine Co. was founded in 1935 as The Cottonport Lumber Co. in Avoyelles Parish. A construction division was spun off in 1979 and the company moved to Lafayette and changed its name in 1983.

Lenny Lemoine will continue to serve as president and chief executive officer of The Lemoine Co. The company's existing management team will remain in place and help Bernhard Capital identify potential targets for acquisition or investment.

"This investment provides our company, our employees and our customers with tremendous growth opportunities," Lemoine said in a statement. "Our customers, many of whom we have partnered with for decades, will continue to see the same quality they have grown to expect from us combined with the capital and operational resources of Bernhard Capital to help fuel our expansion."

The Lemoine Co. has built a number of high-profile projects across south Louisiana, such as the Shaw Center for the Arts in downtown Baton Rouge, expansions and renovations at Lafayette General Medical Center, the South End Zone expansion of Tiger Stadium, the New Orleans East Hospital and The Advocate office building in Baton Rouge. Lemoine also built the Livingston headquarters for Epic Piping, which is in the Bernhard Capital portfolio.

Bernhard Capital in Baton Rouge 'extremely pleased,' closes 2nd fund at $1 billion-plus

Bernhard Capital focuses on buying companies in the industrial, energy and infrastructure services sectors. Bernhard has said his business specializes in investing in good companies to help them get better. The companies in the portfolio have more than 18,000 employees, a total that was boosted by the nearly 375 people who work for Lemoine.

Acadiana Business Today: Bernhard Capital purchases interest in The Lemoine Co. general contractor firm; Lt. Col. Oliver North praises Scouting values at Acadiana fundraiser


Follow Timothy Boone on Twitter, @TCB_TheAdvocate.