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New Deal


Announced

Clairvest-backed NovaSource to merge with SunSystem Technology.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Acquisition

Friendly

Merger

solar energy

Domestic

Private

Private Equity

Pending

Renewable Energy Equipment

Single Bidder

Synopsis

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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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