Pineapple Holdings - M&A Summary and Business Overview

Technology HardwareCompany

Pineapple Holdings M&A Summary

Pineapple Holdings has acquired 3 companies, including 3 in the last 5 years. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2021, when it sold Communications Systems - Transition Networks & Net2Edge Businesses to Lantronix for $32M. Pineapple Holdings has acquired in 2 different US states. The Company’s most targeted sectors include renewable energy (67%) and technology hardware (34%).

Pineapple Holdings Business Overview

Where is Pineapple Holdings headquartered?

Pineapple Holdings is headquartered in Minnetonka, Minnesota.

What is Pineapple Holdings’ revenue?

Pineapple Holdings disclosed revenue of 80M USD for 2023 and 28M USD for 2022.

How many employees does Pineapple Holdings have?

Pineapple Holdings has 201 employees.

What sector is Pineapple Holdings in?

Pineapple Holdings is a technology hardware company.

When was Pineapple Holdings founded?

Pineapple Holdings was founded in 1969.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Pineapple Holdings

Pineapple Holdings, Inc.

10900 Red Circle Drive,
Minnetonka, Minnesota 55343
United States,
(952) 996-1674
www.pineappleenergy.com

Pineapple Holdings is a provider photovoltaic solar energy systems to residential homeowners in the United States. It offers a range of installation services, including design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring, and maintenance of residential solar energy systems. The company also offers battery storage products and energy management control devices on solar systems that are paired with batteries. Pineapple Holdings was founded in 1969 and is based in Minnetonka, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # - 1 1 1 - - 3
Sell (0.4/yr) # - 1 1 - - - 2
vol $32M $32M
  5

Most Recent M&A

Company Date Value Type
SUNation Solar Systems, Inc. 2022-11-10 - Add-on Acquisition
Ronkonkoma, New York · www.sunation.com
Communications Systems, Inc. - Transition Networks & Net2Edge Businesses 2021-04-29 32M USD Divestiture
Minnetonka, Minnesota
Pineapple Energy, LLC 2021-03-02 - Merger
St. Paul, Minnesota
Ecessa Corp. 2020-05-14 - Add-on Acquisition
Plymouth, Minnesota · www.ecessa.com
Suttle, Inc. 2020-03-11 - Divestiture
Hector, Minnesota · www.suttlesolutions.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
JDL Technologies, Inc.    - Constellation - Health Information Technology Unit 2016-07-28 3
Fort Lauderdale, Florida · www.jdltech.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 2 (67%) - - -
Technology Hardware 1 (33%) - 1 (50%) 32M (100%)
Communications - - 1 (50%) -
Total 3 - 2 $32M

By Geo

State/Country Buy Value Sell Value
United States 3 - 2 32M
  Minnesota 2 - 2 32M
  New York 1 - - -
Total 3 - 2 $32M

Top M&A Advisors

Financial Deals
Northland Securities
 2
Legal Deals
Ballard Spahr
 1

Deal Values

sell # Total
< $100M 1 $32M
TOTAL $32M
Largest Communications Systems, Inc. - Transition Networks & Net2Edge Businesses
$32M (2021-04-29)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Technology Hardware

Revenue

80   186% 2023
28   2022
51   23% 2019
66   20% 2018
82   18% 2017
99   9% 2016
108   10% 2015
119   10% 2014
131   26% 2013
104   2012
(millions of USD) Show More Show Less

Employees

201

Established

1969

Public

NASDAQ: PEGY

Former Name

Communications Systems, Inc.

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