M&A Deal Summary

Pineapple Energy Acquires Sungevity

On December 1, 2020, Pineapple Energy acquired renewable energy company Sungevity from Northern Pacific Group

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

M&A Deal Summary
Date 2020-12-01
Target Sungevity
Sector Renewable Energy
Buyer(s) Pineapple Energy
Sellers(s) Northern Pacific Group
Deal Type Add-on Acquisition

Target

Sungevity

Oakland, California, United States
Sungevity is a solar company focused on the residential market providing customers with 20-year leases. Sungevity is committed to providing homeowners and businesses across the nation with smart, simple and clean, solar energy solutions supported by best-in-class technology and customer experience. Sungevity was founded in 2007 and is based in Oakland, California.

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Buyer(S) 1

Buyer

Pineapple Energy

St. Paul, Minnesota, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Pineapple Energy is a US operator and consolidator of residential solar, battery storage, and grid services solutions. Through its unique “battery-first” business model, Pineapple will offer compelling residential solar power systems, with longer-term plans to aggregate its customer fleet into regional virtual power plants.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Northern Pacific Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Northern Pacific Group is a private equity firm focused on acquiring and investing in lower middle-market companies with revenues between $10 and $100 million. Northern Pacific will consider opportunities throughout the US, however the Firm has a focus on businesses operating in the upper Midwest. Target companies typically exhibit possess recurring revenue, high gross margins, and opportunities for growth. Sectors of interest include technology and business services. Northern Pacific Group was formed in 2012 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 ThermaSolutions

White Bear Lake, Minnesota, United States

ThermaSolutions manufactures and distributes the ThermoChem™ HT family of systems and customized procedure kits and disposables to assist in Hyperthermic Intraperitoneal Chemotherapy (HIPEC)* procedures. ThermaSolutions is based in White Bear Lake, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 4D Factory

Santa Barbara, California, United States

4D Factory invests in the technology-driven evolution of the media landscape including platforms, content and applications and removing the friction between consumers and content, introducing modern, more secure payment systems, enabling users with a mobile phone to equally participate in the mobile media revolution. 4D Factory is based in Santa Barbara, California.

Buy -
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