Pivot Energy Announces Acquisition Of Maryland-Based Community Solar Developer Sgc Power
Aug 16, 2022•almost 3 years ago
Acquiring Company
Pivot Energy
Acquired Company
Maryland-Based Community Solar Developer SGC Power
Description
National renewable energy provider, Pivot Energy, is pleased to announce the acquisition of SGC Power, a Maryland-based community solar developer. Pivot develops, finances, builds, owns, and manages distributed energy projects and is owned by leading energy transition investor, ECP. SGC Power has been involved in 2.8 gigawatts of solar projects since the company's founding in 2008.
FundzWatch™ Score
72
High M&A Activity
M&A Insights
Based on deal dataIntegration 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