Civic Renewables has acquired Florida Energy Administration (FPM) and can act as its mother or father firm, integrating FPM into its enterprise.
The acquisition is Civic’s third for the reason that firm launched earlier this yr. It’s backed by GEF Capital, a personal fairness agency targeted on local weather change and air pollution mitigation.
“Buying Florida Energy Administration aligns completely with our mission to empower native photo voltaic companies,” says Leon Keshishian, founder and CEO of Civic Renewables.
“FPM’s dedication to delivering high-quality photo voltaic installations in Florida strengthens our imaginative and prescient of supporting regional experience and accelerating photo voltaic adoption throughout the nation. With the backing of GEF Capital, we’re excited to combine FPM into the Civic Renewables household and proceed constructing a sustainable enterprise mannequin that helps native photo voltaic thrive.”
