M&A Deal Summary

QE Solar Acquires S3 Power

On September 26, 2024, QE Solar acquired test/measurement equipment company S3 Power

Acquisition Highlights
  • This is QE Solar’s 1st transaction in the Test/Measurement Equipment sector.
  • This is QE Solar’s 2nd transaction in the United States.
  • This is QE Solar’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-09-26
Target S3 Power
Sector Test/Measurement Equipment
Buyer(s) QE Solar
Deal Type Add-on Acquisition

Target

S3 Power

Norwood, Massachusetts, United States
S3 Power is an expert service provider of comprehensive commissioning, testing, specialized construction, and maintenance services for medium voltage (MV) power systems and substations, as well as support capabilities for a variety of high voltage (HV) systems. S3 Power was founded in 2002 and is based in Norwood, Massachusetts.

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Buyer(S) 1

Buyer

QE Solar

Cranford, New Jersey, United States
Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

QE Solar specializes in the operations and maintenance (O&M) of all solar photovoltaic (PV) systems, battery storage systems (BESS), technical compliance, and various other electrical systems management associated with solar PV projects. It regularly performs third-party PV system audits and verifications, full system commissioning services, Independent Engineering (IE) Services, electrical troubleshooting/testing, comprehensive IV curve traces, aerial drone IR scans, PV consulting services, and a variety of other solar performance-related services. QE Solar was formed in 2010 and is based in Cranford, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Tritium3 Renewable Services

Honolulu, Hawaii, United States

Tritium3 Renewable Services provides comprehensive renewable energy development, construction, consulting and operations and maintenance services for utility-scale and commercial battery and solar projects. Tritium3 Renewable Services was founded in 2012 and is based in Honolulu, Hawaii.

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