Spruce Power Acquires Portfolio Of 2,400 Residential Solar Systems And Contracts
Acquiring Company
Spruce Power
Acquired Company
E-J Electric Installation Co.
HoustonNew YorkEnergyRenewable EnergySolarEnergyConstructionBuilding MaintenanceBuilding MaterialDescription
Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of a portfolio of over 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on August 18, 2023.
Quick answer
Spruce Power is acquiring E-J Electric Installation Co., announced August 21, 2023. Spruce Power is based in Houston, Texas, United States.
- Who acquired E-J Electric Installation Co?
- Spruce Power agreed to acquire E-J Electric Installation Co. on August 21, 2023.
- How much did Spruce Power pay for E-J Electric Installation Co?
- The deal value was not disclosed.
- What does Spruce Power do?
- Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States.
- Where are Spruce Power and E-J Electric Installation Co. based?
- Spruce Power is based in Houston, Texas, United States. E-J Electric Installation Co. is based in New York, New York, United States.
- Who are the decision-makers at Spruce Power?
- Fundz holds 2 contacts at Spruce Power. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Spruce Power, and when
When Spruce Power changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Spruce Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Spruce Power, from your own LinkedIn network
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Frequently asked
Who acquired E-J Electric Installation Co.?
E-J Electric Installation Co. was acquired by Spruce Power, based in Houston. The deal was reported on August 21, 2023. Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. Spruce Power is publicly traded (SPRU) and operates in Energy.
When did Spruce Power acquire E-J Electric Installation Co.?
Spruce Power's acquisition of E-J Electric Installation Co. was reported on August 21, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does E-J Electric Installation Co. do?
The E-J Group is active in all facets of electrical contracting - we are not your typical electrical contractor. We bring experience, expertise and a national reputation on projects that vary in size to over $300 million. It is privately held, operating in Energy, and is based in New York.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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