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Hover Energy Acquires Premier Solar Company, Shine Development Partners

Dec 07, 2022about 3 years ago

Acquiring Company

Hover Energy, LLC

Acquired Company

Shine Development Partners

DallasEnergy

Description

In an effort to further its capabilities ahead of scale production and global rollout of its patented Wind-Powered MicrogridTM, Hover has acquired Shine Development Partners, a leader in the solar energy solutions industry. Shine brings decades of experience financing, installing and operating renewable energy projects utilizing solar and battery storage. Hover's acquisition of Shine not only brings a world class solar capability in-house, but gives commercial and industrial customers around the world the technology, experience and operations support they need to increase energy security, lower power costs, and achieve net zero. Ultimately, Hover's mission is to help clients achieve "real zero", which goes well beyond net zero.

Company Information

Company

Hover Energy, LLC

Location

3811 TURTLE CREEK BOULEVARD

Dallas, Texas, United States

About

Our Wind-Powered Microgrids™ empower companies to reduce their carbon footprint by generating green energy onsite in the built environment.

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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