On Tuesday, New York-based Barron Partners, a cleantech-focused private equity firm, acquired solar installer and energy project developer Choice Solar of Nashville, Tenn. Terms of the deal were not disclosed.
Barron Partners closed an investment in Choice Solar, a leading southeast solar installer and energy project developer. The Nashville, TN, company primarily provides solar electricity solutions to commercial properties, allowing them to realize extraordinary economics.
“We are thrilled to partner with such quality managers who have an excellent reputation in both the industry and the community” said Andrew Barron Worden, Chairman and CEO of Barron Partners. “With solar photovoltaic prices dropping rapidly we see the opportunity for smart leaders such as Choice Solar to jump to the forefront of the rapidly growing solar infrastructure build in the United States.”
Chris Dickinson, President of Choice Solar, noted: “With Barron’s investment and the partnership expertise they bring to the table, we can effectively leverage our well-established presence in the alternative energy space while simultaneously implementing new solar installation and power generation models – offering southeast commercial customers never before seen control over their rising electricity costs.”
Barron Partners LP is an international private investment fund with a primary focus on profitable cleantech companies. Barron has invested over $450,000,000 of its capital since its formation in 2002. Visit the website: www.barronpartners.com
Choice Solar designs and installs turn-key solar electric and solar thermal systems throughout Tennessee. As a full service installer of solar systems, Choice Solar helps the consumer maintain operational control and maximize quality and savings. As an integrator, Choice Solar works with its customer from design to installation to grid-connection. Visit the website: www.choicesolarsolutions.com