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Arcadia to merge with Perch Energy for solar expansion

Mar 11, 20255 months ago

Acquiring Company

Arcadia

Acquired Company

Perch Energy

BostonBostonEnergy

Description

Arcadia and Perch Energy have announced a merger to create a new company focused on community solar. The merger will manage over 1,000 solar projects and operate as a standalone entity. Arcadia will hold majority ownership, while Perch Energy’s CEO Bruce Stewart will lead the new company. This event marks a significant development in the U.S. community solar market.

Company Information

Company

Arcadia

Location

Boston, Massachusetts, United States

About

Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea: everyone deserves access to clean energy. Arcadia is disrupting the fossil fuel monopoly through unprecedented access to energy data and renewable energy sources. The Arcadia Platform fuels the Internet-of-energy revolution by accessing more than 80 percent of US electric utility accounts nationwide and is the largest manager of community solar subscribers in the United States. Arcadia is obsessed with making energy smarter and turning a decentralized, decarbonized power grid from a distant dream into a tangible reality. Join us in our mission and find out how you or your business can help achieve the vision of a 100 percent clean energy future at www.arcadia.com.

FundzWatch™ Score

61
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed