Add-on Acquisition • Electrical Equipment

Vivint Solar Acquires Solmetric

On January 23, 2014, Vivint Solar acquired electrical equipment company Solmetric

Acquisition Context
  • This is Vivint Solar’s 1st transaction in the Electrical Equipment sector.
  • This is Vivint Solar’s 1st transaction in the United States.
  • This is Vivint Solar’s 1st transaction in California.

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M&A Deal Summary

Date January 23, 2014
Target Solmetric
Sector Electrical Equipment
Buyer(s) Vivint Solar
Deal Type Add-on Acquisition

Target Company

Solmetric

Sebastopol, California, United States
Solmetric Corp. is a dominant developer of photovoltaic installation instruments and software products.
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Buyer Overview 1

Buyer

Vivint Solar

Lehi, Utah, United States

Category Company
Founded 2007
Sector Renewable Energy
Revenue 341M USD (2019)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1