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Standard Solar acquires 12.18 MW Wheeler Gulch Solar Project from Caerus Piceance, LLC

Sep 10, 2024•over 1 year ago

Acquiring Company

Standard Solar

Acquired Company

Caerus Piceance

RockvilleDenverEnergyBiomass EnergySolarRenewable EnergyEnergy

Description

Rockville-based Standard Solar has successfully completed the acquisition of the 12.18 MW Wheeler Gulch Solar Project from Caerus Piceance, LLC. This milestone acquisition demonstrates a shared commitment to expanding the use of renewable energy in traditionally fossil-fuel-dependent sectors and will contribute to the ongoing shift towards renewable energy in industrial applications.

Company Information

Company

Standard Solar

Location

Rockville, Maryland, United States

About

Standard Solar, a Brookfield company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 16 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States.

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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