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Civic Renewables Acquires Florida Power Management to Expand Solar Network
Slice of Energy Team
September 20, 2024
Key Highlights:
Civic Renewables acquires Florida Power Management, a premier solar company in Orlando and Tampa.
This acquisition marks Civic's third since launching earlier this year, supported by GEF Capital.
FPM joins Civic’s growing network of local solar businesses focused on scaling clean energy solutions.
The deal integrates FPM's local expertise with Civic's national operational efficiencies.
Civic aims to accelerate solar adoption by empowering local solar businesses.
Source: PR Newswire
Notable Quotes:
"Acquiring Florida Power Management aligns perfectly with our mission to empower local solar businesses... accelerating solar adoption across the nation."
"Joining the Civic Renewables family allows us to maintain our local edge while benefiting from the scale and efficiency of a larger organization."
Our Take:
Civic Renewables’ acquisition of Florida Power Management reflects a growing trend of consolidation within the clean energy sector. By leveraging the financial backing and strategic expertise of GEF Capital, Civic is effectively integrating local solar companies into a cohesive national network. This approach positions Civic to rapidly scale its impact on the clean energy transition while maintaining a focus on localized expertise and customer satisfaction. With three acquisitions in under a year, Civic is well on its way to becoming a major player in the U.S. solar market, driving efficiency and growth across regions.