Announced
Completed
Financials
Sources
Tags
Acquisition
Private
United States
Renewable Energy Equipment
Majority
solar energy equipments
Domestic
Completed
Single Bidder
Friendly
Synopsis
Madison Energy, a developer, owner, and operator of distributed solar and energy storage projects, completed the acquisition of Pro-Tech Energy Solutions, a self-funded, turnkey energy services company offering a wide range of energy solutions and services for residential and commercial properties. Financial terms were not disclosed. “After fifteen years as an independent company, we are excited to have found such a complementary partner as MEI. We are looking forward to building a world-class company together. To have completed this transaction at a such a challenging time for the industry is a testament to Marathon Capital’s reach into the renewable industry and their ability to help us navigate discussions with a variety of interested parties,” Rich Cooper, Pro-Tech CEO & President.
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