Pineapple Energy Acquires SUNation Energy

Pineapple Energy LLC Merges with Communications Systems, Inc.; Forms Pineapple Holdings, Inc.

March 28, 2022

Renewable Energy

Communications Systems, Inc. completed a merger with Pineapple Energy LLC and changed its name to Pineapple Holdings, Inc. Immediately prior to the merger, Pineapple Energy acquired Hawaiian solar installers Hawaii Energy Connection LLC and E-Gear LLC; the combined public company (ticker: PEGY) received $32.0 million in a private placement to support Pineapple's national consolidation strategy in residential solar, battery storage, and energy services.

Sunnova Acquires SunStreet, Lennar's Residential Solar Platform

April 1, 2021

Renewable Energy

Sunnova Energy International Inc. completed its acquisition of SunStreet Energy Group, Lennar Corporation’s residential solar platform and has been named Lennar’s exclusive solar and storage service provider for new-home communities across the United States. As part of the deal, Lennar committed to provide tax-equity investments to support Sunnova’s homebuilder customer pipeline, enabling Sunnova to scale installations and offer battery storage and other energy services to SunStreet customers.

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.

Generac Acquires PowerPlay Business from SunGrid Solutions

June 26, 2024

Renewable Energy

Generac Power Systems has acquired the PowerPlay battery energy storage systems business from SunGrid Solutions. The PowerPlay operation in Cambridge, Ontario will become Generac's dedicated R&D facility for commercial & industrial BESS solutions; the transaction closed on June 26, 2024 and terms were not disclosed.

QE Solar Acquires Donahue & Sons

May 23, 2025

Energy

QE Solar LLC has acquired Donahue & Sons Mgmt., Inc., expanding QE's nationwide operations and maintenance platform by adding large-scale vegetation management and site maintenance capabilities for solar, BESS and related energy installations. The deal integrates Donahue's leadership and staff into QE to provide expanded, end-to-end site stewardship and maintenance services for utility and commercial renewable projects.

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.