Sunlight Financial Completes Business Combination with Spartan Acquisition Corp. II

Complete Solar and Solaria Merge to Form Complete Solaria

November 7, 2022

Renewable Energy

Complete Solar and Solaria completed a merger to form Complete Solaria, a vertically integrated residential solar company combining manufacturing, distribution, installation, financing and software capabilities. The combined business is expected to generate approximately $120 million in 2022 (with further growth projected), and the company has announced a planned business combination with SPAC Freedom Acquisition I Corp. to provide public-market financing.

SOLV Energy Acquires Spartan Infrastructure

June 23, 2025

Energy

SOLV Energy has acquired Spartan Infrastructure, a Mesa, Arizona-based high-voltage transmission contractor. The acquisition expands SOLV Energy's transmission and distribution (T&D) capabilities, providing the combined company greater scale to pursue larger utility and renewable grid projects across the U.S.; financial terms were not disclosed.

Solaris (DIP Lenders/GoodFinch) Acquires Substantially All Sunnova Assets; SunStrong to Manage Portfolio

September 4, 2025

Energy

Solaris Assets, LLC (an acquisition vehicle formed by an ad hoc group of DIP financing lenders and affiliates and entities controlled by GoodFinch Management, LLC) completed the purchase of substantially all assets and business operations of Sunnova Energy International Inc. in a court‑supervised Chapter 11 sale. The deal was structured as a credit bid plus $25 million in cash and certain cure payments, and Sunnova’s core operations will transition to SunStrong Management, LLC as the asset manager to ensure continuity of residential solar servicing, O&M, and portfolio management.

Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III

March 17, 2022

Energy

Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.

ADT Acquires Sunpro Solar

December 15, 2021

Energy

ADT Inc. completed its acquisition of Sunpro Solar from a group of private equity investors (led by Compass Group Equity Partners and including TGP, MGG and Millstone) for $160 million in cash plus approximately 77.8 million ADT shares ( ~ $825 million implied value). Sunpro — a rooftop solar installer with ~3,600 employees operating 56 locations in 22 states — will be rebranded as ADT Solar, with founder Marc Jones and the Sunpro management team leading the new business to expand ADT's smart-home and energy offerings.

Bain Capital Special Situations Acquires Sunshine Leases from Piraeus Bank

August 31, 2023

Financial Services

Bain Capital Special Situations (through Hellas Capital Leasing) acquired 100% of Sunshine Leases, the leasing subsidiary of Piraeus Bank, including a non-performing exposures portfolio (the "Sunshine Portfolio") with a gross book value of approximately €500 million. The portfolio is largely secured by commercial real estate and hotel assets and expands Bain Capital's presence in the Greek NPL and leasing market.