M&A Deal Summary

Pineapple Holdings Acquires Ecessa

On May 14, 2020, Pineapple Holdings acquired technology hardware company Ecessa

Acquisition Highlights
  • This is Pineapple Holdings’ 1st transaction in the Technology Hardware sector.
  • This is Pineapple Holdings’ 1st transaction in the United States.
  • This is Pineapple Holdings’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-05-14
Target Ecessa
Sector Technology Hardware
Buyer(s) Pineapple Holdings
Deal Type Add-on Acquisition
Advisor(s) Fredrikson & Byron (Legal)

Target

Ecessa

Plymouth, Minnesota, United States
Ecessa Corp. is a vendor of note, manufacturer, and distributor of software-defined wide-area networking (SD-WAN) solutions for business. The company has deployed over 10,000 field installations of Ecessa Edge®, PowerLink®, and WANworX® controllers and enabled organizations of all sizes to reliably run Internet and cloud-based applications, connect offices worldwide and distribute traffic among a fabric of multiple, diverse ISP links, ensuring business continuity by removing bottlenecks and eliminating network downtime. Ecessa was established in 2002 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Pineapple Holdings

Minnetonka, Minnesota, United States
Category Company
Founded 1969
Sector Technology Hardware
Employees201
Revenue 80M USD (2023)
DESCRIPTION

Pineapple Holdings is a provider photovoltaic solar energy systems to residential homeowners in the United States. It offers a range of installation services, including design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring, and maintenance of residential solar energy systems. The company also offers battery storage products and energy management control devices on solar systems that are paired with batteries. Pineapple Holdings was founded in 1969 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Minnesota) 1 of 2
Country (United States) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Suttle

Hector, Minnesota, United States

Suttle, Inc. is a home technology company that specializes in high-speed connectivity solutions from the edge of the network into a well-connected smart home or small business. The company is a manufacturer of communication connectivity products to the major service providers and installers. Suttle was formed in 1910 and is based in Hector, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Pineapple Energy

St. Paul, Minnesota, United States

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.

Buy -
Mergr

Product

Company

Legal