Genesis Park and GEC Invest Growth Capital in Freedom Solar

Summit Park Recapitalizes Freedom Electronics with Investment from Capitala Group

January 8, 2019

Industrial Services

Charlotte-based Summit Park recapitalized Freedom Electronics, a Kennesaw, Georgia remanufacturer of aftermarket electronic components, partnering with the Freedom management team. Capitala Group provided $24.5 million of senior secured debt and equity capital alongside Summit Park; the seller was Range Light LLC.

Greenbelt Capital Leads Growth Investment in ION Solar

March 8, 2022

Renewable Energy

Greenbelt Capital Partners led a growth investment in ION Solar alongside Trilantic (Trilantic Energy Partners II North America), Blackstone Credit and Energy Impact Partners. ION Solar founders will retain majority ownership as the company uses the capital to expand geographically and into adjacent residential energy products such as storage and EV charging.

Stonehenge, Geneva Glen and Three20 Invest in Salon Freedom (Sola Salon Studios Franchisee)

May 5, 2022

Retail

Stonehenge Partners, Geneva Glen Capital and Three20 Capital Group have made a growth investment in Salon Freedom, a multi-unit developer and owner of Sola Salon Studios franchise locations. The capital will support Salon Freedom’s expansion from 37 active locations to a planned 75 units over five years and enable acquisitions of established Sola locations in new markets; David Raduziner will serve as CEO and Todd Recknagel will serve as Board Chair.

Pivot Energy Acquires SGC Power

August 16, 2022

Energy

Pivot Energy, a Denver-based renewable energy developer owned by Energy Capital Partners (ECP), has acquired SGC Power, a Maryland-based community solar developer. SGC Power will operate as a business unit under the Pivot brand, helping Pivot expand its community solar development capabilities and national footprint.

True Green Capital Management Acquires Majority Stake in CleanChoice Energy

April 28, 2023

Energy

Funds managed by True Green Capital Management (TGC) agreed to acquire a majority ownership stake in CleanChoice Energy and will commit an additional $100 million to develop, acquire, own, and operate CleanChoice solar projects. The deal will combine CleanChoice's retail green energy platform and customer base (about 215,000 residential customers) with TGC's solar generation capabilities across multiple U.S. competitive markets, securing long-term access to power, capacity, and RECs to support growth.

GEF Capital Partners Acquires Lifecycle Renewables

June 30, 2022

Energy

GEF Capital Partners, a Washington, D.C.-based sustainability-focused private equity firm, has completed the acquisition of Lifecycle Renewables, a Massachusetts-based producer of renewable heating oil (LR100). The investment will support increased production of LR100 and expansion of Lifecycle Renewables' geographic reach beyond the Northeast and Mid-Atlantic to meet growing demand from institutional customers.