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  6. MARS Energy Group Acquires Nelnet Renewable Energy

M&A Deal Summary

MARS Energy Group Acquires Nelnet Renewable Energy

On November 20, 2025, MARS Energy Group acquired renewable energy company Nelnet Renewable Energy from Nelnet

Acquisition Highlights
  • This is MARS Energy Group’s 1st transaction in the Renewable Energy sector.
  • This is MARS Energy Group’s 2nd transaction in the United States.
  • This is MARS Energy Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2025-11-20
Target Nelnet Renewable Energy
Sector Renewable Energy
Buyer(s) MARS Energy Group
Sellers(s) Nelnet
Deal Type Divestiture

Target

Nelnet Renewable Energy

Wheeling, Illinois, United States
Nelnet Renewable Energy is a solar engineering, procurement, and construction (EPC) firm. The company designs and installs residential, commercial, and utility-scale solar systems in Illinois, Indiana, Iowa, Nebraska, Missouri, and Colorado. Nelnet Renewable Energy was formed in 2012 and is based in Wheeling, Illinois.

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Buyer(S) 1

Buyer

MARS Energy Group

Rocklin, California, United States
Category Company
Founded 2022
Sector Energy Services and Equipment
DESCRIPTION

MARS Energy Group is a national energy infrastructure company. MARS Energy Group was founded in 2022 and is based in Rocklin, California.

DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-10 California Premier Roofscapes

Escondido, California, United States

California Premier Roofscapes is an integrated roofing contractor offering a complete range of roofing services. California Premier Roofscapes was founded in 2008 and is based in Escondido, California.

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Seller(S) 1

SELLER

Nelnet

Lincoln, Nebraska, United States
Category Company
Founded 1977
Sector Financial Services
Employees6,739
Revenue 1.2B USD (2024)
DESCRIPTION

Nelnet focuses on delivering education-related products and services and student loan asset management. Nelnet earns interest income on a portfolio of federally insured student loans. The Company also makes investments to further diversify from its core education-related businesses. Nelnet was founded in 1977 and is based in Lincoln, Nebraska.

DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-14 Next Gen Web Solutions

Jacksonville, Florida, United States

Next Gen Web Solutions specializes in providing software solutions tailored for higher education institutions. Next Gen Web Solutions is based in Jacksonville, Florida.

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