M&A Deal Summary

424 Capital Acquires QE Solar

On May 7, 2021, growth capital firm 424 Capital acquired renewable energy company QE Solar

Acquisition Highlights
  • This is 424 Capital’s 1st transaction in the Renewable Energy sector.
  • This is 424 Capital’s 13th transaction in the United States.
  • This is 424 Capital’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-05-07
Target QE Solar
Sector Renewable Energy
Buyer(s) 424 Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

QE Solar

Cranford, New Jersey, United States
QE Solar specializes in the operations and maintenance (O&M) of all solar photovoltaic (PV) systems, battery storage systems (BESS), technical compliance, and various other electrical systems management associated with solar PV projects. It regularly performs third-party PV system audits and verifications, full system commissioning services, Independent Engineering (IE) Services, electrical troubleshooting/testing, comprehensive IV curve traces, aerial drone IR scans, PV consulting services, and a variety of other solar performance-related services. QE Solar was formed in 2010 and is based in Cranford, New Jersey.

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Buyer(S) 1

Buyer

424 Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.

DEAL STATS #
Overall 13 of 19
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 13 of 19
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Conexiant

Tampa, Florida, United States

Conexiant is a video content marketing and education company focused on engaging medical professionals. Conexiant helps the world’s leading hospitals, medical devices, pharmaceuticals, and medical education companies develop comprehensive digital and mobile video strategies to reach physicians, providers, and medical students. Conexiant was founded in 1994 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Reverba

Seattle, Washington, United States

Reverba is a health engagement company that transforms the way healthcare companies think and function, making compliant, patient-centered action possible. It signifies a multiplying force for amplifying the perspectives of patients and the impact of their voices. Reverba was formed in 2002 and is based in Seattle, Washington.

Buy -
Mergr

Product

Company

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