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Announced

American Securities to acquire Swinerton Renewable Energy from Swinerton.

Financials

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

Tags

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United States

Renewable Energy Equipment

Majority

Acquisition

Domestic

renewable energy

Pending

solar contractor

Single Bidder

Friendly

Private

Private Equity

Synopsis

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American Securities, a private equity firm, agreed to acquire Swinerton Renewable Energy, a solar contractor, from Swinerton, a commercial construction company that provides services in the United States. Financial terms were not disclosed. "We are thrilled to be working with the SOLV Energy team as they transition to becoming an independent company. SOLV Energy has a long history of outstanding customer service and we look forward to supporting the Company as it helps accelerate the United States' transition to solar energy," Michael Sand, American Securities Managing Director.

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