groSolar acquires Borrego Solar’s Residential Division

Feb 20 2009 | 11:32am ET

Vermont-based solar power installer groSolar will acquire the residential solar division of California’s Borrego Solar Systems.

The deal makes groSolar the fourth-largest residential solar power installer in the United States, with residential operations in nine states. The company, backed by NGP Energy Technology Partners and SJF Ventures, also maintains national distribution and commercial operations. 

The financial terms of the deal were not disclosed.

Borrego Solar’s residential division currently operates in California and Massachusetts.

The groSolar name will now begin appearing at Borrego Solar’s residential locations in San Diego, Berkeley, Sonoma, Orange County, Silicon Valley and Massachusetts.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of