M&A Deal Summary

Nautilus Solar Energy Acquires ISM Solar Development - 47 MW Community Solar Portfolio

On March 11, 2021, Nautilus Solar Energy acquired renewable energy company ISM Solar Development - 47 MW Community Solar Portfolio from ISM Solar Development

Acquisition Highlights
  • This is Nautilus Solar Energy’s 7th transaction in the Renewable Energy sector.
  • This is Nautilus Solar Energy’s 7th transaction in the United States.
  • This is Nautilus Solar Energy’s 3rd transaction in Rhode Island.

M&A Deal Summary
Date 2021-03-11
Target ISM Solar Development - 47 MW Community Solar Portfolio
Sector Renewable Energy
Buyer(s) Nautilus Solar Energy
Sellers(s) ISM Solar Development
Deal Type Divestiture

Target

ISM Solar Development - 47 MW Community Solar Portfolio

East Providence, Rhode Island, United States
ISM Solar Development's 47 MW Community Solar Portfolio is a provider of eight community solar projects.

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Buyer(S) 1

Buyer

Nautilus Solar Energy

Summit, New Jersey, United States
Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

Nautilus Solar Energy LLC is a national solar acquisition, development, and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Nautilus Solar Energy LLC was formed in 2006 and is based in Summit, New Jersey.

DEAL STATS #
Overall 7 of 7
Sector (Renewable Energy) 7 of 7
Type (Divestiture) 7 of 7
State (Rhode Island) 3 of 3
Country (United States) 7 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 ISM Solar Development - 3.5 MW Community Solar Project

East Providence, Rhode Island, United States

ISM Solar Development LLC - 3.5 MW Community Solar Project is unique as it resides on a closed landfill that is a former EPA superfund site. It effectively utilizes land that was otherwise unusable.

Buy -

Seller(S) 1

SELLER

ISM Solar Development

East Providence, Rhode Island, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

ISM Solar Development LLC is a developer of large commercial and utility-scale solar projects built on landfills, brownfields, gravel pits and previously disturbed sites to deliver clean energy solutions for public and private users. ISM Solar Development LLC was founded in 2010 and is based in East Providence, Rhode Island.

DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 3 of 3
Type (Divestiture) 3 of 3
State (Rhode Island) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 ISM Solar Development - 3.5 MW Community Solar Project

East Providence, Rhode Island, United States

ISM Solar Development LLC - 3.5 MW Community Solar Project is unique as it resides on a closed landfill that is a former EPA superfund site. It effectively utilizes land that was otherwise unusable.

Sell -
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