Solar Engine LLC, a subsidiary of Soligent Holdings Inc., acquired the REPOWER America solar franchise and distribution network (known formerly as Solar Universe). As a result, Soligent will now offer its equipment, logistics, engineering and finance solutions to the REPOWER America franchisees. Additionally, Soligent dealers will be able to join the REPOWER network and leverage a wealth of resources to help grow their businesses.
Soligent, a solar distributor, financier and technology platform, supplies over 5,000 solar installers with panels, inverters, racking and balance of systems across the U.S. and over 45 countries. REPOWER is the largest solar franchise business in the Americas supporting hundreds of nationwide installers having completed over 10,000 projects. Marathon Capital LLC provided advisory services and facilitated the transaction. This acquisition builds upon a history of solar acquisitions and mergers at Soligent, including the recent acquisition of EnergieBau, Sunwize, and Conergy’s distribution networks.
Mahesh Mansukhani, CEO of REPOWER Americas stated, “Since our inception 10 years ago, we have focused solely on bringing innovative solutions and tools to our franchisee partners and homeowners across the country. In coming together with Soligent, we will now significantly expand our reach and also leverage their operational expertise, developed over 39 years serving a nation-wide installer base. Together, we will be bringing the very best solutions that the industry has to offer.”
— Solar Builder magazine