M&A Deal Summary

Pineapple Holdings Acquires SUNation

On November 10, 2022, Pineapple Holdings acquired renewable energy company SUNation

Acquisition Highlights
  • This is Pineapple Holdings’ 2nd transaction in the Renewable Energy sector.
  • This is Pineapple Holdings’ 3rd transaction in the United States.
  • This is Pineapple Holdings’ 1st transaction in New York.

M&A Deal Summary

Date 2022-11-10
Target SUNation
Sector Renewable Energy
Buyer(s) Pineapple Holdings
Deal Type Add-on Acquisition

Target

SUNation

Ronkonkoma, New York, United States
SUNation Energy is a residential and commercial solar installer in the state of New York. SUNation Service is a division of SUNation Energy that provides a wide range of services that are necessary for maintaining a customer’s solar system. SUNation Energy is based in Ronkonkoma, New York.

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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 3 of 3
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS 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