Add-on Acquisition • Renewable Energy

New Energy Equity Acquires IPS Solar

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

Acquisition Context

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.

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M&A Deal Summary
Date	March 2, 2022
Target	IPS Solar
Sector	Renewable Energy
Buyer(s)	New Energy Equity
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
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

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