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Announced

City Electric Supply Company to acquire Soligent.

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

Acquisition

Domestic

solar energy

Renewable Energy Equipment

Pending

Friendly

Private

Single Bidder

Majority

Synopsis

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City Electric Supply Company, a wholesale company providing electric supply distribution services, agreed to acquire Soligent, a company providing solar energy system modules. Financial terms are not disclosed. “This agreement enables us to focus on delivering even more innovative solutions to the solar energy market. We appreciate the entrepreneurial culture of the CES team and we’re confident they’ll provide the right environment for our talented team to accelerate our vision to make a positive impact on the world through renewable energy," Jonathan Doochin, Soligent CEO.

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