M&A Deal Summary

Zeitview Acquires Heliolytics

On September 6, 2023, Zeitview acquired business services company Heliolytics from NovaSource Power Services

Acquisition Highlights
  • This is Zeitview’s 1st transaction in the Business Services sector.
  • This is Zeitview’s 1st transaction in Canada.
  • This is Zeitview’s 1st transaction in Ontario.

M&A Deal Summary

Date 2023-09-06
Target Heliolytics
Sector Business Services
Buyer(s) Zeitview
Sellers(s) NovaSource Power Services
Deal Type Divestiture

Target

Heliolytics

Toronto, Ontario, Canada
Heliolytics is a provider of photovoltaic aerial inspections and advanced site data services to empower the next generation of solar. Heliolytics was founded in 2014 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

Zeitview

Los Angeles, California, United States

Category Company
Sector Business Services
DESCRIPTION

Zeitview offers aerial inspections across a broad spectrum of industries, including solar, wind, real estate, telecom, and utilities. Zeitview delivers fast, accurate insights that optimize asset performance and reduce operating and maintenance costs. Zeitview is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

NovaSource Power Services

Austin, Texas, United States

Category Company
Sector Renewable Energy
DESCRIPTION

NovaSource Power Services is a provider of solar operations and maintenance (“O&M”) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. NovaSource Power Services is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 First Solar - Australian O&M Business

Australia

First Solar's Australian O&M Business is an operator of an operations and maintenance business.

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