Spruce Power - M&A Summary, Ownership, and Business Overview

Renewable EnergyCompany

Spruce Power M&A Summary

Spruce Power has acquired 2 companies of its own, including 2 in the last 5 years.

Spruce Power has acquired in 2 different US states. The Company’s most targeted sectors include renewable energy (100%).

Spruce Power Ownership

Who owns Spruce Power?

Spruce Power is owned by XL Fleet. It was acquired on September 12, 2022.

Was Spruce Power formerly PE-backed?

Yes. Spruce Power was formerly owned by 1 private investor.

Spruce Power Business Overview

Where is Spruce Power headquartered?

Spruce Power is headquartered in Houston, Texas.

What sector is Spruce Power in?

Spruce Power is a renewable energy company.

M&A Summary

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

Spruce Power

Solar Service Experts LLC

2900 North Loop West, 3rd Floor,
Houston, Texas 77092
United States,
(844) 225-8681
www.sprucepower.com

Spruce Power owns and operates more than 52,000 residential rooftop solar systems. The company sells the power generated by its systems to homeowners pursuant to long-term agreements that obligate the company’s subscribers to make recurring monthly payments. Spruce Power is headquartered in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - 2 - - - - 2
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Clearway Energy, Inc. - Portfolio of Residential Solar Assets 2020-05-14 - Divestiture
Princeton, New Jersey
Greenbacker Renewable Energy Co. LLC - 27.6 MW Residential Solar Assets 2020-03-05 - Divestiture
New York, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 2 (100%) - - -
Total 2 - - -

By Geo

State/Country Buy Value Sell Value
United States 2 - - -
  New York 1 - - -
  New Jersey 1 - - -
Total 2 - - -

M&A Connections

Deals
Acquired from
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Renewable Energy

Former Name

Spruce Finance

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