Akin Gump Advises SunPower in Sale of Solar O&M Business to Clairvest Group
(Los Angeles) – Clairvest Group Inc. has announced that it, together with Clairvest Equity Partners VI (together “Clairvest”), acquired the solar operations and maintenance (O&M) business of SunPower Corporation. Upon closing, the business will be renamed NovaSource Power Services. A team from Akin Gump advised SunPower in the transaction.
NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects. The transaction is part of Clairvest’s multi-year pursuit to create a market leading solar O&M platform through a ‘buy and build’ strategy. To learn more about the deal, click here
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