M&A Deal Summary

Sunrun Acquires Vivint Solar

On July 6, 2020, Sunrun acquired renewable energy company Vivint Solar for 3.2B USD

Acquisition Highlights
  • This is Sunrun’s 1st transaction in the Renewable Energy sector.
  • This is Sunrun’s largest (disclosed) transaction.
  • This is Sunrun’s 1st transaction in the United States.
  • This is Sunrun’s 1st transaction in Utah.

M&A Deal Summary
Date 2020-07-06
Target Vivint Solar
Sector Renewable Energy
Buyer(s) Sunrun
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Morgan Stanley
BofA Securities (Financial)
Simpson Thacher & Bartlett
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Vivint Solar

Lehi, Utah, United States
Vivint Solar, Inc. is a full-service residential solar provider in the United States. With the help of Vivint Solar, homeowners can power their homes with clean, renewable energy, typically achieving significant financial savings over time. Vivint Solar designs and installs solar energy systems for homeowners and offers monitoring and maintenance services. In addition to being able to purchase a solar energy system outright, homeowners may benefit from Vivint Solar’s affordable, flexible financing options, including power purchase agreements, or lease agreements, where available. Vivint Solar also offers solar plus storage systems with LG Chem home batteries and electric vehicle chargers with ChargePoint Home.

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Buyer(S) 1

Buyer

Sunrun

San Francisco, California, United States
Category Company
Founded 2007
Sector Renewable Energy
Employees10,833
Revenue 2.3B USD (2023)
DESCRIPTION

Sunrun is a home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. Sunrun is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal