Apricus Generation Acquires Controlling Interest in Nexus Renewables

Macquarie Asset Management to Acquire 90% Stake in Apex Energies Group

November 19, 2021

Renewable Energy

Macquarie Asset Management, via its Macquarie Green Investment Group Renewable Energy Fund 2, has entered exclusive negotiations to acquire a 90% equity interest in French solar developer and operator Apex Energies Group from a consortium of investors. Apex, which develops, builds and operates rooftop and ground-mounted solar projects across France and also provides energy-efficiency and monitoring services through subsidiaries ORA and S4E, will support Macquarie’s expansion of its renewable energy platform in France.

KKR and EIG Acquire Majority Interest in Avantus

July 30, 2024

Renewable Energy

KKR-backed funds and accounts managed by KKR have acquired a majority equity interest in Avantus, a U.S. developer of utility-scale solar and solar-plus-storage projects. Coinciding with the close, Avantus secured a $522 million development facility arranged by KKR Capital Markets and SMBC to accelerate deployment of its more than 30 GWdc solar and 94 GWh storage pipeline across the Western United States.

Solo Acquires SolarNexus

September 12, 2023

Renewable Energy

Solo, a Lehi, Utah-based provider of solar sales and design software, has acquired SolarNexus, a San Francisco-based solar customer-relationship and business management software provider. The acquisition will integrate SolarNexus' CRM and operations capabilities into Solo's platform to expand product capabilities and accelerate innovation for solar installers, EPC partners and sales teams.

Apogee Interactive Acquires EnergyX Solutions

February 7, 2024

Energy

Apogee Interactive has acquired EnergyX Solutions, an Ontario-based AI-powered SaaS company that helps utilities increase customer participation in energy-efficiency programs. The deal adds EnergyX's RetrofitAI capabilities to Apogee's utility customer engagement suite; growth investor M33 Growth is backing the combined organization.

CNX Resources Acquires Apex Energy II Upstream and Midstream Business

January 27, 2025

Energy

CNX Resources Corporation closed the acquisition of the natural gas upstream and associated midstream business of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for approximately $505 million (effective Oct. 1, 2024). The bolt-on expands CNX's Marcellus and Utica leasehold in the Appalachian Basin (~36,000 net acres, including significant undeveloped Utica and Marcellus acreage) and adds existing midstream infrastructure expected to be immediately accretive to free cash flow.

Exagon Impact Capital Acquires Controlling Stake in SunRoof

June 9, 2025

Energy

Exagon Impact Capital acquired a controlling stake in SunRoof, a Latin American renewable energy platform with operations in Chile and Mexico, as the second portfolio company for its Exagon Latin America Fund I (XLA I). The investment will support SunRoof’s expansion in Mexico and accelerate distributed generation solar adoption across commercial and industrial customers through its build-and-hold ESCO model and patented solar panel cleaning technology.