Capstone Partners advised NovaSource Power Services, an Arizona-based portfolio company of Clairvest and Omers, on its divestiture of SunSystem Technology, a New Jersey-based provider of commercial and residential solar operations and maintenance (O&M) services in a management buyout transaction.
NovaSource is the world’s largest independent solar O&M provider, delivering excellence through data-driven strategies, innovative solutions, and a world-class culture of safety, integrity, and quality. NovaSource’s comprehensive approach to total asset optimization in addition to operations and maintenance includes value engineering, performance analysis, strategic supply chain management, and advanced monitoring systems. They operate in key global markets and across most U.S. states managing over 30GW of solar power plants. NovaSource’s expertise extends beyond solar and includes battery energy storage systems (BESS), offering a complete suite of services for the evolving renewable energy landscape. For more information about NovaSource Power Services, please visit NovaSource here.
SunSystem Technology is the solar industry’s foremost provider of highly recurring, critical aftermarket O&M services for a growing installed base of commercial and residential solar systems. They focus exclusively on non-discretionary maintenance and repair work which cannot reasonably be deferred or delayed, driving stable and consistent revenue from a growing and aging installed base of systems. SunSystem Technology offers comprehensive service solutions, including repairs and upkeep, break/fix support, component replacement, troubleshooting, performance assessments and other value-added services to ensure solar system availability and uptime. SunSystem has developed a broad geographic footprint and is capable of servicing demand throughout the U.S., with key exposure to the largest commercial and residential solar markets coast-to-coast. For more information visit SunSystem Technology here.
We are honored to have represented NovaSource and its private equity owners, Clairvest and Omers, on the successful divestiture of SunSystem Technology. This transaction will allow NovaSource to deepen its focus on its core utility O&M service offering, while positioning SunSystem Technology for future growth within the commercial and residential sectors. We are delighted to have helped NovaSource and SunSystem Technology execute upon this strategic and transformational transaction.
The investment banking professionals on Capstone Partners’ dedicated Industrials team work with leading middle market companies in the Facilities Services sector to advise on their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction or about the benefits of starting a relationship with our dedicated Industrials Investment Banking Team, contact us here.
