M&A Deal Summary

New Energy Equity Acquires IPS Solar

On March 2, 2022, New Energy Equity acquired renewable energy company IPS Solar

Acquisition Highlights
  • This is New Energy Equity’s 1st transaction in the Renewable Energy sector.
  • This is New Energy Equity’s 1st transaction in the United States.
  • This is New Energy Equity’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-03-02
Target IPS Solar
Sector Renewable Energy
Buyer(s) New Energy Equity
Deal Type Add-on Acquisition

Target

IPS Solar

Roseville, Minnesota, United States
IPS Solar is a full-service clean energy development company. For more than 30 years, IPS Solar has worked to deliver customers solutions ranging from rooftop installations to multi-megawatt community solar gardens. IPS Solar was founded in 2013 and is based in Roseville, Minnesota.

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Buyer(S) 1

Buyer

New Energy Equity

Annapolis, Maryland, United States
Category Company
Founded 2013
Sector Renewable Energy
DESCRIPTION

New Energy Equity is a solar development company, having successfully completed more than 250 projects across the nation totaling more than 310 megawatts. New Energy Equity also offers comprehensive solar operations, maintenance, and asset management services to its customers. New Energy Equity was founded in 2013 and is based in Annapolis, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

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