US-based companies SunSystem Technology and Power Overhaul have serviced over 160,000 residential and commercial systems across 20 US states
SunSystem Technology has acquired New Jersey-based operations and maintenance (O&M) provider, Power Overhaul for an undisclosed price.
The deal will be unifying the operations and field technicians of both the firms. It will also help provide added resources to partners, portfolio owners, and solar site owners.
Collectively, the two solar O&M providers have serviced over 160,000 residential and commercial systems across 20 states in the US.
SunSystem Technology CEO Derek Chase said: “The reputation of Power Overhaul’s quality and geographic coverage made it a good fit for SST and its partners.”
“They share the vision that solar O&M can be vastly improved through route density and predictive maintenance. The expanded operations and new leadership on the east coast will provide our clients with faster response times, greater breadth of service, and improved customer satisfaction.
“SST’s mission is to lead the industry in customer service, increased system performance, quality, and safety for anyone who owns or invests in a solar asset.”
The deal consolidates SunSystem’s market in US
The transaction expands SunSystem Technology’s services in the solar O&M market in the US. The combined company is expected to offer enhanced certification, training, experience, and strategically placed skilled technicians to its base of customers.
The California-based company’s scale and geographic coverage will help the customers to realise cost savings in their commercial and residential service portfolios.
Power Overhaul CEO Matthew Alestra said: “Our perspectives on where the solar industry will be in the next 3, 5, and 10 years are completely aligned.
“Combining resources with SunSystem will provide the solar industry with an independent service provider that is dedicated to keeping the nation’s PV infrastructure functioning at a high level.”
In July last year, SunSystem Technology secured a three-year contract to conduct system inspections, testing and maintenance from Safari Energy. The contract covers more than 130 projects totaling over 80MW of solar power generation capacity in 18 states from Massachusetts to Hawaii.