Riverside Partners merges solar service companies Solar Works, SolarWrights
The Northeast has a new solar energy integrator, the type of company that designs, installs and operates solar systems, with the merger of Solar Works and SolarWrights by private equity firm Riverside Partners.
Riverside didn’t previously own the two companies, but instead simultaneously acquired and combined them into a single entity with 110 employees which will work on cornering the New England market. Terms of the acquisitions weren’t disclosed.
Outside of California, the Northeast is probably the most active area for solar installation companies in the United States. Also in the region is Beltsville, Maryland’s SunEdison, which recently raised $161 million .
SolarWrights also owns WindWrights, which installs wind turbines for customers.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.