Add-on Acquisition • Oil/Gas Exploration

Principal Solar Acquires Zona Energy

On November 4, 2019, Principal Solar acquired oil/gas exploration company Zona Energy

Acquisition Context

This is Principal Solar’s 1st transaction in the Oil/Gas Exploration sector.
This is Principal Solar’s 1st transaction in the United States.
This is Principal Solar’s 1st transaction in Texas.

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M&A Deal Summary
Date	November 4, 2019
Target	Zona Energy
Sector	Oil/Gas Exploration
Buyer(s)	Principal Solar
Deal Type	Add-on Acquisition

Target Company

Zona Energy

Dallas, Texas, United States

Zona Energy, Inc. is focused on a generational opportunity in the independent oil and natural gas industry focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

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Buyer Overview 1

Buyer

Principal Solar

Dallas, Texas, United States

Category	Company
Sector	Renewable Energy
Employees	2

DESCRIPTION

Principal Solar is a renewable energy company focused on acquiring, building, owning, and managing solar generation facilities. Principal Solar was founded in 2012 and is based in Dallas Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

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