M&A Deal Summary

SolarCity Acquires Palo Alto Solar

On September 28, 2006, SolarCity acquired renewable energy company Palo Alto Solar

Acquisition Highlights
  • This is SolarCity’s 1st transaction in the Renewable Energy sector.
  • This is SolarCity’s 1st transaction in the United States.
  • This is SolarCity’s 1st transaction in California.

M&A Deal Summary

Date 2006-09-28
Target Palo Alto Solar
Sector Renewable Energy
Buyer(s) SolarCity
Deal Type Add-on Acquisition

Target

Palo Alto Solar

Palo Alto, California, United States
Palo Alto Solar, Inc. provides solar system services.

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Buyer(S) 1

Buyer

SolarCity

San Mateo, California, United States

website


Category Company
Founded 2006
Sector Renewable Energy
Employees15,219
Revenue 400M USD (2015)
DESCRIPTION
Entrance to SolarCity's corporate headquarters in San Mateo, California.
Entrance to SolarCity's corporate headquarters in San Mateo, California.

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.


DEAL STATS #
Overall 1 of 8
Sector (Renewable Energy) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (California) 1 of 4
Country (United States) 1 of 6
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-12 Building Solutions

United States

Building Solutions is an energy efficiency services and technology provider. Building Solutions advanced set of software tools for assessing energy efficiency return-on-investment.

Buy -