Two big-time solar installers have entered into a transaction to allow both to focus more on their core markets and strengths. Solect Energy, a leading commercial developer and installer in Massachussets, acquired the Boston operations of Brightergy, a solar and energy services provider based in Kansas City. Solect acquired Brightergy’s Northeast sales and project management operations in addition to some of Brightergy’s intellectual property developed around commercial solar lead generation.
“We’re very excited to welcome Brightergy’s Northeast division to Solect,” says Ken Driscoll, Co-founder and CEO of Solect Energy. “This move will strengthen Solect’s expertise in commercial solar and energy management, deepen our service offerings, and help the company continue to deliver smart clean energy solutions and cost savings to businesses and institutions across New England.”
With more than 1,500 completed commercial solar projects, Brightergy is one of the most experienced commercial solar companies in the United States. The sale of the Northeast division is part of a broader plan to narrow Brightergy’s focus on serving electric utility clients nationwide and commercial clients in the Midwest.
”We were very impressed with Solect’s company culture and the similarities to ours. Once we decided to sell our Northeast division, it was a no-brainer to partner with Solect,” said Adam Blake, Brightergy’s CEO.
Solect growth facts
Earlier this month, Solect announced achieving a record-breaking year in 2016, completing 115 sites and installing more than 26 megawatts (MW) in total solar output. Additionally, 2016 saw the official launch of the company’s Solar Services division, as well as expansion into the neighboring states of Connecticut and Rhode Island.
Since the company’s inception in 2009, Solect Energy has grown from a three-person operation to having a core staff of 60 people in 2016. With the acquisition of Brightergy’s Northeast division, Solect has added 15 new employees bringing Solect’s total roster to 75.
— Solar Builder magazine