M&A Deal Summary

Pineapple Holdings Acquires Pineapple Energy

On March 2, 2021, Pineapple Holdings acquired renewable energy company Pineapple Energy

Acquisition Highlights
  • This is Pineapple Holdings’ 1st transaction in the Renewable Energy sector.
  • This is Pineapple Holdings’ 2nd transaction in the United States.
  • This is Pineapple Holdings’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2021-03-02
Target Pineapple Energy
Sector Renewable Energy
Buyer(s) Pineapple Holdings
Deal Type Merger

Target

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.

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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 2 of 3
Sector (Renewable Energy) 1 of 2
Type (Merger) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Communications Systems - Transition Networks & Net2Edge Businesses

Minnetonka, Minnesota, United States

Transition Networks help companies advance their networks by providing built-to-perform hybrid fiber/copper network integration solutions that increase bandwidth, extend the distance, improve security and simplify management of networks. Net2Edge provides each organization the ability to focus on its respective core development and marketing activities.

Sell $32M
Mergr

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