Civic Renewables Acquires Florida Power Management to Expand Solar Network
Slice of Energy Team
09/20/2024
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
Quotes
“ "Acquiring Florida Power Management aligns perfectly with our mission to empower local solar businesses... accelerating solar adoption across the nation." ”
Leon Keshishian, Founder and CEO at Civic Renewables
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.
