ESGEN Acquisition has merged with Sunergy Renewables, with the mixed companies now renamed Zeo Power, to be led by Sunergy’s senior administration.
The brand new firm’s board of administrators will embody members from each Sunergy and ESGEN.
“Turning into a publicly traded firm is a unprecedented milestone for our workers, our shareholders and for the residential photo voltaic trade,” says Zeo CEO Tim Bridgewater.
“We’re assured that this merger with ESGEN permits us to speed up our development technique, associate with trade gamers and serve extra clients searching for renewable vitality options to fulfill their energy and vitality storage wants. We’ve labored arduous to construct our robust monetary efficiency observe file in recent times and sit up for delivering continued development and profitability via Sunergy’s method to promoting residential photo voltaic methods.”
Cohen & Firm Capital Markets, a division of J.V.B. Monetary Group served as unique monetary advisor and lead capital markets advisor to ESGEN. Kirkland & Ellis served as authorized counsel to ESGEN. Eversheds Sutherland and Ellenoff Grossman & Schole served as authorized counsel to Sunergy.
