Add-on Acquisition • Renewable Energy

QE Solar Acquires Tritium3 Renewable Services

On July 6, 2023, QE Solar acquired renewable energy company Tritium3 Renewable Services

Acquisition Context
  • This is QE Solar’s 1st transaction in the Renewable Energy sector.
  • This is QE Solar’s 1st transaction in the United States.
  • This is QE Solar’s 1st transaction in Hawaii.

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M&A Deal Summary

Date July 6, 2023
Target Tritium3 Renewable Services
Sector Renewable Energy
Buyer(s) QE Solar
Deal Type Add-on Acquisition

Target Company

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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Buyer Overview 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 founded in 2010 and is based in Cranford, New Jersey.


Deal Context for Buyer #
Overall 1 of 3
Sector: Renewable Energy 1 of 2
Type: Add-on Acquisition 1 of 3
State: Hawaii 1 of 1
Country: United States 1 of 3
Year: 2023 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 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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