M&A Deal Summary

iSun Acquires Sunworks

On August 10, 2020, iSun acquired renewable energy company Sunworks

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

M&A Deal Summary
Date 2020-08-10
Target Sunworks
Sector Renewable Energy
Buyer(s) iSun
Deal Type Add-on Acquisition
Advisor(s) Stradling Yocca Carlson & Rauth (Legal)

Target

Sunworks

Roseville, California, United States
Sunworks is a provider of high-performance solar power systems. Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety. Sunworks continues to grow its presence, expanding nationally with regional and local offices. Sunworks strives to consistently deliver high quality, performance-oriented solutions for customers in a wide range of industries including agricultural, commercial and industrial, state and federal, public works, and residential. Sunworks’ diverse, seasoned workforce includes veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers. Sunworks was formed in 2002 and is based in Roseville, California.

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Buyer(S) 1

Buyer

iSun

Williston, Vermont, United States
Category Company
Founded 1972
Sector Renewable Energy
Revenue 21M USD (2020)
DESCRIPTION

iSun provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility-scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery-backed solar EV charging systems.. iSun was formed in 1972 and is based in South Burlington, Vermont.

DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 iSun Energy

Burlington, Vermont, United States

iSun Energy develops and deploys solar energy and smart city e-mobility hubs. The Burlington, Vermont based company is on a mission to provide clean energy and mobility, through the delivery of smart, solar energy generating structures, combined with EV charging, air quality tracking, and energy-resiliency services. iSun continues to add other proprietary products to serve the needs of smart-cities powered by clean energy.

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