M&A Deal Summary

Shaw Industries Group Acquires Watershed Solar

On February 6, 2023, Shaw Industries Group acquired renewable energy company Watershed Solar

Acquisition Highlights
  • This is Shaw Industries Group’s 1st transaction in the Renewable Energy sector.
  • This is Shaw Industries Group’s 7th transaction in the United States.
  • This is Shaw Industries Group’s 4th transaction in Georgia.

M&A Deal Summary
Date 2023-02-06
Target Watershed Solar
Sector Renewable Energy
Buyer(s) Shaw Industries Group
Deal Type Add-on Acquisition

Target

Watershed Solar

Alpharetta, Georgia, United States
Watershed Solar provides patented renewable energy solutions. The technology, branded PowerCap™, supplies low profile, high output solar arrays on top of landfills, coal ash closures, and rooftops, turning liabilities or underused spaces into renewable energy assets. Watershed Solar is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Shaw Industries Group

Dalton, Georgia, United States
Category Company
Sector Building Materials
DESCRIPTION

Shaw Industries, Inc. is the manufacturer of tufted broadloom carpet.Shaw sells carpeting and rugs for residential and commercial applications throughout the United States and exports to most markets worldwide.

DEAL STATS #
Overall 7 of 7
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Georgia) 4 of 4
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 ReSource Colorado

Denver, Colorado, United States

ReSource Colorado specializes in carpets as well as all types of hard surfaces. The company offers its customers the finest labor force in the area. Its projects range from a few hundred dollars to millions of dollars, and dedicated staff takes pride in delivering the best customer service possible regardless of project size. ReSource Colorado was formed in 1988 and is based in Denver, Colorado.

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