Tag: residential solar
ADT buys Sunpro Solar, launches ADT Solar to expand home offerings
November 9, 2021SSN Staff
BOCA RATON, Fla.—ADT announced an agreement to acquire Sunpro Solar, one of the largest residential rooftop solar contractors in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of approximately $825 million.
ADT will rebrand Sunpro to “ADT Solar” and enter the rooftop solar business to offer ADT customers a protected, connected, and now powered home.
“With its strong focus on the customer,...
Vivint Solar secures $540m in financing for solar projects
October 21, 2013SSN Staff
PROVO, Utah—Vivint Solar raised $540 million in two rounds of financing for its residential solar projects, the company announced Oct. 18. The nation's second-largest provider of residential solar systems is a division of Vivint, the home automation/home security provider. Both companies are based here.
“In less than three months, Vivint Solar has raised nearly three-quarters of a billion dollars to finance our solar projects,” said Greg Butterfield, Vivint Solar CEO, in a prepared...