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Catalyze Announces Acquisition Of Leading Commercial-Scale Solar Developer, Sol Alliance, Expanding Development Capabilities And Project Pipeline In Northeastern Market

Sep 23, 2021•about 4 years ago

Acquiring Company

Catalyze

Acquired Company

Sol Alliance

HoustonEnergy

Description

Catalyze, a commercial and industrial-focused national independent power producer that develops, constructs, owns and operates renewable distributed generation and storage projects, announced the acquisition of Sol Alliance, a Northeast solar sales and development firm whose team has a 15-year track record and completed over 3,000 projects. In addition to bringing a deal pipeline exceeding 80 megawatts (MW) of projects in development, the acquisition provides Catalyze with greater origination resources and deeper solar development capabilities in key markets, especially New York and New Jersey.

Company Information

Company

Catalyze

Location

Houston, Texas, United States

About

Catalyze is a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets. By combining its proprietary technology, financial strength, and expertise in rooftop solar, community solar, and battery storage, Catalyze delivers standardized yet configurable systems that meets its partners’ unique needs. These offerings enable commercial and industrial property owners, operating companies, and their customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze’s proprietary software platform, REenergyze, streamlines and automates the origination-to-operations process, enabling the rapid scaling of renewable energy projects across the commercial and industrial sector.

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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