Clairvest Acquires Solar O&M Business of Sunpower, Rebrands It as Novasource Power Services
|Areas||Corporate Restructuring, Intellectual Property , Mergers and Acquisitions, Private Equity, Technology|
Goodmans acted for Clairvest Group Inc., together with Clairvest Equity Partners VI, in connection with the acquisition of the solar operations and maintenance business of SunPower Corporation . Upon closing the business will be renamed NovaSource Power Services.
NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects. Clairvest is supporting the current leadership team of SunPower’s O&M division in a management buy-out, with the management team becoming material shareholders going forward. The SunPower O&M business, which will become NovaSource, is recognized as the market leader in terms of quality of service and capability and oversees some of the most high profile solar projects in the United States. NovaSource operates in nine countries today.