SolarCity - M&A Summary, Ownership, and Business Overview

Renewable EnergyCompany

SolarCity M&A Summary

SolarCity has acquired 8 companies of its own.

SolarCity’s largest acquisition to date was in 2014, when it acquired Silevo for $200M. SolarCity has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include renewable energy (50%) and financial services (13%).

SolarCity Ownership

Who owns SolarCity?

SolarCity is owned by Tesla. It was acquired on August 1, 2016.

Was SolarCity formerly PE-backed?

Yes. SolarCity was formerly owned by 2 private investors.

SolarCity Business Overview

Where is SolarCity headquartered?

SolarCity is headquartered in San Mateo, California.

What is SolarCity’s revenue?

SolarCity disclosed revenue of 400M USD for 2015 and 255M USD for 2014.

How many employees does SolarCity have?

SolarCity has 15,219 employees.

What sector is SolarCity in?

SolarCity is a renewable energy company.

When was SolarCity founded?

SolarCity was founded in 2006.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1

SolarCity Corp.

3055 Clearview Way,
San Mateo, California 94402
United States,
(650) 638-1028
www.solarcity.com

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $474M $474M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
ILIOSSON S.A. de C.V. 2015-08-05 - Add-on Acquisition
, Mexico
Off-Grid Electric 2014-12-01 - Venture
Arusha, Tanzania · www.offgrid-electric.com
Silevo, Inc. 2014-06-17 200M USD Add-on Acquisition
Fremont, California · www.silevosolar.com
Common Assets LLC 2014-01-15 - Add-on Acquisition
, United States
Zep Solar, Inc. 2013-10-09 158M USD Add-on Acquisition
San Rafael, California · www.zepsolar.com
Paramount Energy Solutions LLC (dba Paramount Solar) 2013-08-13 116M USD Add-on Acquisition
Roseville, California · www.paramountsolar.com
Building Solutions 2010-05-12 - Add-on Acquisition
, United States
Palo Alto Solar, Inc. 2006-09-28 - Add-on Acquisition
Palo Alto, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 4 (50%) 358M (75%) - -
Financial Services 1 (13%) 116M (25%) - -
Information Technology 1 (13%) - - -
Software 1 (13%) - - -
Utilities 1 (13%) - - -
Total 8 $474M - -

By Geo

State/Country Buy Value Sell Value
United States 6 474M - -
  California 4 474M - -
Mexico 1 - - -
Tanzania 1 - - -
Domestic 6 (75%) 474M (100%) - -
Cross-border 2 (25%) - - -
Total 8 $474M - -

Deal Values

buy # Total
$100M to $1B 3 $474M
TOTAL $474M
Largest Silevo, Inc.
$200M (2014-06-17)

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