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Birch Creek Energy Acquires Foundation Solar Partners

Mar 28, 2023•over 2 years ago

Acquiring Company

Birch Creek Energy

Acquired Company

Foundation Solar Partners

SolarRenewable EnergyEnergySolarRenewable EnergyEnergy

Description

Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the acquisition of Foundation Solar Partners ("Foundation Solar"), a Washington DC based solar developer focused on greenfield origination of solar projects primarily in MISO and PJM markets.

Company Information

Company

Birch Creek Energy

About

Birch Creek, formed as a utility scale solar development platform in 2019, focuses on the development, financing and ownership of utility scale solar and storage projects in the United States. Since 2019, Birch Creek has developed 872 megawatts (MW) of solar projects and has a pipeline of over 8 gigawatts (GW) of utility scale solar and storage pipeline in various stages of development across MISO, PJM, Texas and the Southeast. Birch Creek has 23 employees and is based in St. Louis, Missouri.

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