Bravo Infrastructure Group LLC (BIG) has acquired Radiance Solar LLC, a business and industrial (C&I) photo voltaic engineering, procurement and building (EPC) contractors within the southeastern United States, via a capital partnership with Orion Infrastructure Capital (OIC).
Since 2007, Radiance has put in over 125 MW of photo voltaic throughout floor mounts, rooftops and canopies, together with techniques with battery storage. Radiance additionally maintains a big operations and upkeep (O&M) enterprise serving property all through the southeast. To finish the acquisition of Radiance, BIG partnered with OIC, a capital options supplier to center market infrastructure companies with roughly $3 billion of property beneath administration.
“We’re very excited to announce the acquisition of Radiance and our capital partnership with OIC,” says Steve Newby, proprietor of BIG. “Radiance is a frontrunner within the business and industrial EPC market and the O&M market within the southeast. We sit up for working with their excellent staff on assembly the wants of the excessive development C&I photo voltaic market. Radiance would be the excellent complement to BIG’s different photo voltaic platform, Sunshine Photo voltaic LLC, the second largest C&I mechanical set up agency within the U.S. With OIC as a associate, each firms are strongly capitalized, and we anticipate each to learn from the numerous development and tailwinds in photo voltaic deployment.”
“OIC’s capital partnership with BIG and the acquisition of Radiance represents our collective conviction on the demand for C&I and group photo voltaic techniques,” states Chris Leary, funding associate and head of infra fairness at OIC. “We consider that our structured fairness answer will additional assist environmentally revolutionary distributed energy era options for purchasers targeted on sustainability.”