Louisiana Business Leader Jim Bernhard Passes Away at 71
Jim Bernhard, a prominent business leader from Louisiana, passed away on Sunday at the age of 71. His family confirmed his death following a brief illness. Bernhard was widely recognized for his impactful career that spanned over four decades.
Legacy of Jim Bernhard in Louisiana’s Business Landscape
As the founder of The Shaw Group, Bernhard transformed a modest pipe fabrication company into a major player in the industrial services sector. Under his leadership, the company achieved a position on the Fortune 500 list, showcasing its significant contributions to the state’s economy.
Formation and Growth of The Shaw Group
- Founded in 1987, The Shaw Group grew rapidly, boasting $5.9 billion in revenue by 2013.
- At its peak, the company employed around 27,000 individuals, with 4,000 based in Louisiana.
- The Shaw Group became one of Louisiana’s few Fortune 500 companies prior to its sale in 2013.
After selling The Shaw Group to CB&I in 2013, Bernhard established Bernhard Capital Partners. This private equity firm quickly rose to prominence in the Gulf South, managing over $5.5 billion in assets and supporting 21 companies in sectors such as energy services and utilities.
Business and Political Impact
Gov. Jeff Landry praised Bernhard as one of Louisiana’s most visionary business leaders, emphasizing his ability to create jobs and strengthen the economy. Jeff Jenkins, a partner at Bernhard Capital, noted Bernhard’s transformative influence on the state’s business environment and his generosity in community engagements.
- Bernhard was born on April 9, 1954, in Baton Rouge, Louisiana.
- He graduated from LSU in 1976 with a degree in construction management.
- He was heavily involved in Louisiana Democratic politics, chairing gubernatorial campaigns and the state party.
Throughout his career, Bernhard remained dedicated to civic causes in South Louisiana while also nurturing a close bond with his family. He is survived by his wife, Dana, and five children, along with eight grandchildren.
Philanthropic Contributions
Jim Bernhard’s legacy extends beyond business. He played a significant role in philanthropic initiatives such as The Shaw Center for the Arts in Baton Rouge, contributing $4 million for its construction. His commitment to Louisiana was unwavering, as he frequently spoke of his pride in the state and its communities.
His passing is a substantial loss for the business community and the many lives he impacted with his kindness and leadership. Arrangements for memorial services are currently pending. Jim Bernhard’s contributions will be felt for generations, ensuring that his legacy in Louisiana endures.
