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  6. Pivot Energy Acquires SGC Power

M&A Deal Summary

Pivot Energy Acquires SGC Power

On August 16, 2022, Pivot Energy acquired renewable energy company SGC Power

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

M&A Deal Summary
Date 2022-08-16
Target SGC Power
Sector Renewable Energy
Buyer(s) Pivot Energy
Deal Type Add-on Acquisition

Target

SGC Power

Elkridge, Maryland, United States
SGC Power is a community solar development company that leads the project development lifecycle, identifying new markets and supporting customers in all stages of the solar process. SGC knows how to locate the right project site or rooftop structure for generating clean solar energy for the local community while producing long-term lease income for the land or building owner. It has been involved in over 285+ solar projects, totaling over 2,845 MW of solar energy capacity in over 31 states and territories. SGC Power was formed in 2014 and is based in Elkridge, Maryland.

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Buyer(S) 1

Buyer

Pivot Energy

Denver, Colorado, United States
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Pivot Energy is a national solar provider that develops, finances, builds owns, and manages solar and storage energy projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot operates on a triple bottom line basis, measuring success by the positive impact on people, the planet, and profit. Pivot Energy was founded in 2009 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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