Clairvest Acquires SunPower's O&M Business and Rebrands It NovaSource Power Services
May 14, 2020
Clairvest Group Inc., together with its fund Clairvest Equity Partners VI (CEP VI), acquired the solar operations and maintenance (O&M) business of SunPower Corporation and will rebrand the business as NovaSource Power Services. The transaction is a management buyout with the SunPower O&M leadership taking material equity; Clairvest intends to build NovaSource as a global buy-and-build solar O&M platform to expand capabilities and geographic reach.
- Targets
- NovaSource Power Services (SunPower O&M business)
- Sellers
- SunPower Corporation
- Industry
- Energy
- Location
- Arizona, United States
- Transaction Type
- Buyout
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