NovaSource Acquires Heliolytics

OMERS Private Equity Makes US$100M Growth Investment in NovaSource Power Services

August 9, 2022

Renewable Energy

OMERS Private Equity has acquired a minority stake in NovaSource Power Services through a US$100 million growth capital investment, alongside NovaSource's leadership team and majority owner Clairvest Group. The proceeds will finance NovaSource's continued growth, capability expansion (including recent acquisition of Heliolytics) and international expansion of its solar operations & maintenance and storage services.

NovaSource Power Services Acquires SunSystem Technology

January 26, 2021

Renewable Energy

NovaSource Power Services, a portfolio company of Clairvest Group Inc., has merged with SunSystem Technology (SST); the combined business will operate under the NovaSource brand. The transaction brings together field technicians and operations to expand nationwide renewable O&M coverage (the combined group has ~550 field technicians) and positions Derek Chase (CEO of SST) to lead NovaSource's Distributed Generation O&M business.

NovaSource Acquires First Solar's North American O&M Business

March 31, 2021

Renewable Energy

NovaSource Power Services (a Clairvest-backed platform) completed the acquisition of First Solar’s North American operations & maintenance business (First Solar Energy Services), making NovaSource the largest solar O&M provider globally. Clairvest provided incremental equity to support the deal; the transaction transfers First Solar’s North American O&M operations to NovaSource to deepen O&M capabilities across utility, commercial, industrial and residential solar assets.

Zeo Energy Corp Acquires Heliogen, Inc.

August 12, 2025

Renewable Energy

Zeo Energy Corp (Nasdaq: ZEO) completed its acquisition of Heliogen, Inc., combining Zeo’s residential solar and storage footprint with Heliogen’s concentrated solar and long-duration energy storage technology to create an integrated clean energy platform across residential, commercial, and utility markets. The merger closed on August 8, 2025; Pickering Energy Partners served as financial advisor to Heliogen during the strategic process.

NetSpark Acquires Helios Solutions Group and Edge Insights

January 19, 2026

Telecommunications

NetSpark IP & Telecom completed its ninth and tenth acquisitions with the purchases of Helios Solutions Group (Chicago, Illinois) and Edge Insights (Wyomissing, Pennsylvania). The deals expand NetSpark's national telecom and managed-services platform, deepen partner and marketplace relationships, and retain employees and founders to support integration and continued customer service.

Clairvest Acquires SunPower's O&M Business and Rebrands It NovaSource Power Services

May 14, 2020

Energy

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.