M&A Deal Summary

174 Power Global Acquires OnForce Solar

On September 23, 2019, 174 Power Global acquired renewable energy company OnForce Solar

Acquisition Highlights
  • This is 174 Power Global’s 1st transaction in the Renewable Energy sector.
  • This is 174 Power Global’s 1st transaction in the United States.
  • This is 174 Power Global’s 1st transaction in New York.

M&A Deal Summary
Date 2019-09-23
Target OnForce Solar
Sector Renewable Energy
Buyer(s) 174 Power Global
Deal Type Add-on Acquisition

Target

OnForce Solar

Manhattan, New York, United States
OnForce Solar is a vertically integrated New York City-based solar energy company that develops, designs, engineers, finances, installs and maintains solar energy systems for commercial, municipal and utility-scale customers. OnForce Solar also provides discounted electricity rates through its community solar subscription business. Founded in 2008, OnForce Solar has grown into one of the largest developers of solar energy in New York State. OnForce Solar is headquartered in Manhattan, New York.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

174 Power Global

Irvine, California, United States
Category Company
Founded 2017
Sector Renewable Energy
DESCRIPTION

174 Power Global Corp. is a solar energy company that is wholly owned by the Hanwha Group. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with landowners, local communities, financial investors and other partners to build highly productive, utility-scale solar power plants throughout North America.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

Legal