Capstone Partners advised Nor-Cal Controls—the solar industry’s leading provider of supervisory control and data acquisition (SCADA) and control systems design and integration services—on strategic, financial, and operational initiatives undertaken to position the company for optimal growth and profitability.
Capstone provided us with significant insight to market trends and competitive dynamics within the industry that will guide our near-term expansion and growth Initiatives. Their guidance helped us identify significant market opportunities that we can take advantage of such as SCADA operation and maintenance (O&M), energy management systems, and others that will drive substantial growth for us.
Nor-Cal is the leading control systems integrator for the utility-scale solar power and energy storage sector. The company’s SCADA systems are custom designed, mission-critical systems that allow operators to monitor, analyze, control, automate, and optimize plant performance. Nor-Cal was founded in 2006 as a control system integrator for highly complex traditional fossil fuel power generation plants. In 2011, the company leveraged this SCADA expertise to commission the first ever utility-scale solar SCADA project in the United States, establishing Nor-Cal as the first mover and pioneer within solar SCADA. Nor-Cal has since developed an impressive track record of over 450 completed projects across 34 states, including many of the largest and most prominent solar installations ever completed.
Under guidance from Capstone Partners, the company successfully completed strategic initiatives to improve operational and financial reporting efficiency and map the competitive landscape to expand product offerings and formulate a long-term growth strategy.
Following the successful completion of this advisory engagement, Nor-Cal elected to engage Capstone again on a pending M&A transaction.
Managing Director Ted Kinsman said, “The renewable energy systems integration and asset management sectors are evolving and consolidating at a rapid pace. The core control systems design and Integration capabilities of Nor-Cal, and its dominant market position among solar asset owners and EPCs, provide the Company an abundance of strategic options for growth and product expansion.”
Managing Director CJ Hummel added, “Nor-Cal’s best-in-class control integration system has helped accelerate the integration of utility-scale solar for the energy transition market. The company’s highly-engineered control integration solutions allow Nor-Cal to be a turnkey solution provider from the development phase for simulation and verification modeling to commissioning and operations for greater energy intelligence for improved project performance through asset management, monitoring, and control software.”