Compass Group Equity Partners and MGG Investment Group Invest in Sunpro Solar, a National Leader in Residential Solar
Summary
“We’re excited to partner with Compass Group and MGG to complete this transaction as we solidify our plans to bring cost effective renewable energy to homeowners nationwide. “Our research led us to the space, but it was the Sunpro management team and the company’s exceptional performance that made the decision to invest an easy one. They’ve built a truly customer-focused company with an exceptional workforce, and we’re thrilled to join Marc and the team in furthering their growth and expansion efforts.” Kevin Griffin, MGG’s Chief Executive Officer and Chief Investment Officer, stated, “As a leader in the residential solar market, Sunpro is transforming energy efficiency and we are excited to provide the company with the resources it needs to meet the markets demand. Moreover, we are thrilled to be partnering with Marc Jones and his talented management team as they continue to execute on their growth plans and strengthen their position in this expanding market.” Compass Group’s Vice President Ed Place led the effort to explore the solar market, “After years of exploration and more than a few dozen alternatives, the Sunpro investment opportunity became a clear choice due to their leadership in the space and world class systems and processes.” Operating Partner Marc Lee added, “This is a tremendous opportunity for all parties to harness our collective resources and move forward with strategic initiatives to accelerate growth and continue building upon the successes Sunpro has achieved to date.” Sunpro Solar is a Platinum installer of LG Pro Panels and Enphase Micro Inverters and a certified installer of the Tesla Powerwall. McGuireWoods acted as legal counsel to Compass Group Equity Partners, and Lincoln International served as exclusive financial advisor to Sunpro Solar.