Tracked deals
3
3 tracked deals across 2021-2022.
Operating Company
Energy
NovaSource Power Services
Chandler, Arizona, United States
NovaSource Power Services (“NovaSource”) is a portfolio company of Clairvest Group Inc. and OMERS Private Equity. The company is the world’s largest independent solar operations and maintenance (“O&M”) provider, delivering data-driven strategies and solutions for total asset optimization across solar and battery energy storage (BESS) portfolios.
- Focus Areas
- Solar operations & maintenance (O&M), Total asset optimization / performance analysis, Battery energy storage systems (BESS) operations
- Website
- novasourcepower.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
3 addon
NovaSource Power Services Acquisition Volume by Year
Last 2 years
Supporting Data
Recent Transactions
-
January 5, 2022
- Buyer
- NovaSource Power Services
- Target
- Heliolytics, Inc.
- Industry
- Renewable Energy
- Location
- Ontario, Canada
- Type
- Addon
NovaSource Power Services has acquired Heliolytics, an aerial inspections and site-data provider for photovoltaic assets. The deal expands NovaSource’s lifecycle services and digital capabilities, integrating Heliolytics’ aerial inspection and analytics to enhance asset performance for solar customers globally.
-
- Buyer
- NovaSource Power Services, Clairvest Group Inc.
- Target
- First Solar's North American O&M business (First Solar Energy Services)
- Seller
- First Solar, Inc.
- Industry
- Renewable Energy
- Location
- Arizona, United States
- Type
- Addon
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.
-
January 26, 2021
- Buyer
- NovaSource Power Services, Clairvest Group Inc.
- Target
- SunSystem Technology, LLC
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Addon
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.
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