Nearly five years after the sale of The Shaw Group to CB&I, the contractor’s founder, Jim Bernhard, is in familiar territory.
With sale proceeds, the ex-chairman and other former Shaw executives in 2014 launched a new private equity firm, Bernhard Capital Partners Management, to invest primarily in oil-and-gas- and power-sector firms, raising more than $750 million from corporate investors, industry executives, public pension funds, university endowments and others.