Xl Fleet Completes Transformational Acquisition Of Spruce Power, The Largest Privately Held Solar-As-A-Service Provider
Acquiring Company
XL Fleet Corp
Acquired Company
Spruce Power
HoustonSolarEnergyRenewable EnergySolarDescription
XL Fleet Corp. (NYSE: XL), today announced the acquisition of Spruce Power, the largest privately held owner and operator of residential rooftop solar systems in the U.S. with more than 52,000 subscribers. In connection with the acquisition of Spruce Power, XL Fleet also unveiled its new corporate strategy to provide subscription-based solutions for rooftop solar, battery storage, EV charging and other distributed energy resources.
Quick answer
XL Fleet Corp is acquiring Spruce Power, announced September 12, 2022.
- How much did XL Fleet Corp pay for Spruce Power?
- The deal value was not disclosed.
- What does XL Fleet Corp do?
- With this transaction, XL Fleet provides subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar, battery storage and electric-vehicle charging systems.
- Where are XL Fleet Corp and Spruce Power based?
- Spruce Power is based in Houston, Texas, United States.
Source: Fundz verified event record.
Other recent acquisitions in Solar and Energy
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Renesola Power Announces Acquisition Of Emeren (October 11, 2022)
- Generac Announces Acquisition Of Industrial Iot Platform Blue Pillar (October 4, 2022)
- Enphase Energy Completes Acquisition Of Greencom Networks (October 11, 2022)
- Heartland Acquires Cogent Energy Systems And Forms The Heartland Gasification Solutions Division Focused On Wastewater Residuals Management With Assured Pfas Destruction™ (October 7, 2022)
- Cpower Announces Close Of Centrica U.S. Demand Response Business Acquisition (October 6, 2022)
- Powin Acquires Eks To Deliver Fully Integrated Grid-Scale Energy Storage Systems (September 20, 2022)
Who to call at XL Fleet Corp, and when
When XL Fleet Corp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day XL Fleet Corp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at XL Fleet Corp, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at XL Fleet Corp. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment XL Fleet Corp makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Spruce Power?
Spruce Power was acquired by XL Fleet Corp. The deal was reported on September 12, 2022. With this transaction, XL Fleet provides subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar, battery storage and electric-vehicle charging systems. XL Fleet Corp is privately held and operates in Solar.
When did XL Fleet Corp acquire Spruce Power?
XL Fleet Corp's acquisition of Spruce Power was reported on September 12, 2022. XL Fleet Corp. (NYSE: XL), today announced the acquisition of Spruce Power, the largest privately held owner and operator of residential rooftop solar systems in the U.S. with more than 52,000 subscribers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
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. It is publicly traded (SPRU), operating in Energy, and is based in Houston.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.