Announced
Financials
Tags
Majority
United States
Acquisition
Friendly
Merger
solar energy
Domestic
Private
Private Equity
Pending
Renewable Energy Equipment
Single Bidder
Synopsis
Clairvest-backed NovaSource Power Services, a provider of operations and maintenance services for off-grid to utility-scale projects, agreed to merge with SunSystem Technology, a solar operations and maintenance and asset management company. Financial terms were not disclosed. "Over the last 10 years SST has set the standard for the solar industry in servicing distributed generation, EV charging and storage systems. Their innovative and agile approach has created the clear market leader with significant scale and robust national coverage. Bringing the groups together, with Derek as the leader of NovaSource's Distributed Generation (DG) O&M, will provide asset owners with a highly differentiated and compelling service solution for their rapidly evolving needs," Jack Bennett, NovaSource CEO.
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