Investment Summary

GEC and Genesis Park Invest In Freedom Solar

On March 4, 2021, private equity firms GEC and Genesis Park invested in renewable energy company Freedom Solar

Investment Highlights
  • This is GEC’s 1st and Genesis Park’s 1st transaction in the Renewable Energy sector.
  • This is GEC’s 11th and Genesis Park’s 16th transaction in the United States.
  • This is GEC’s 10th and Genesis Park’s 14th transaction in Texas.

Investment Summary

Date 2021-03-04
Target Freedom Solar
Sector Renewable Energy
Investor(s) GEC
Genesis Park
Deal Type Growth Capital

Target

Freedom Solar

Austin, Texas, United States
Freedom Solar is a full-service solar company installing solar panels and backup power systems for homeowners and businesses. Freedom Solar was founded in 2007 and is based in Austin, Texas.

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Investor(S) 2

Investor

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 12 of 15
Sector (Renewable Energy) 1 of 2
Type (Growth Capital) 4 of 5
State (Texas) 10 of 12
Country (United States) 11 of 14
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Rebound Dynamics

Houston, Texas, United States

Rebound Dynamics is a SaaS provider of MRO supply chain and inventory management solutions. The company’s patented SmartBox and integrated software platform generate unmatched inventory traceability and ERP integration. Rebound Dynamics is based in Houston, Texas.

Buy -
FOLLOWING 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 -
Investor

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($2 to $20 million) with $5 to $100 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 17 of 23
Sector (Renewable Energy) 1 of 1
Type (Growth Capital) 6 of 8
State (Texas) 14 of 17
Country (United States) 16 of 22
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 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.

Buy -
FOLLOWING 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 -