M&A Deal Summary

GEC Acquires SolarKal

On January 1, 2023, private equity firm GEC acquired renewable energy company SolarKal

Acquisition Highlights
  • This is GEC’s 2nd transaction in the Renewable Energy sector.
  • This is GEC’s 13th transaction in the United States.
  • This is GEC’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-01-01
Target SolarKal
Sector Renewable Energy
Buyer(s) GEC
Deal Type Buyout (LBO, MBO, MBI)

Target

SolarKal

Somerville, Massachusetts, United States
SolarKal is an innovative business-to-business solar marketplace driving cost savings and efficiencies for commercial and industrial customers. SolarKal was founded in 2015 and is based in Somerville, Massachusetts.

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Buyer(S) 1

Buyer

GEC

Category Private Equity Firm
Founded 2008
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEC (Global Energy Capital) is a private equity firm specialized in the acquisition and development of industrial products companies. The Firm is primarily interested in companies that serve the energy industry, with innovative products and that are well-positioned to grow organically, via acquisitions, or through both. GEC was established in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 14 of 15
Sector (Renewable Energy) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Massachusetts) 1 of 1
Country (United States) 13 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Flic Financial

Houston, Texas, United States

Flic Financial is a fintech business that enables residential solar customers to achieve energy independence at an affordable cost. Flic’s platform connects solar customers with leading lenders for competitive solar loan products that empower customers to transition to clean, renewable energy. The business will use growth financing to build its platform, develop a full suite of loan products and extend its offerings to customers across the United States to address the growing market demand for solar power. Flic Financial is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Estis Compression

Kilgore, Texas, United States

Estis Compression is a vertically integrated manufacturer and rental provider of compression equipment for use in upstream oil and gas operations. Estis Compression is based in Kilgore, Texas.

Sell -
Mergr

Product

Company

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