Tennessee-based solar equipment provider Create Energy has announced the acquisition of structural balance-of-system (sBOS) provider SOL Components from Kloeckner Metals.
SOL Components products at the time of the acquisition included ground-mounted fixed-tilt solar racking as well as 1P and 2P single-axis trackers.
The components of the SOL Components tracker are slated to be integrated into Create Energy’s ONTRACK portfolio, which the company refers to as a “one-stop-shop” of renewable energy hardware that can reduce labor costs and improve system reliability through pre-wired and integrated components.
“I am incredibly proud of this acquisition and excited to bring another powerful product and company into the Create Energy Un-Evil Empire and our ONTRACK suite of solutions,” said Create Energy CEO Dean Solon in a statement. “We are building a unified power plant platform that simplifies and elevates how energy projects are designed, procured, and deployed.”
In March, Create announced a $78 million expansion of its operations that included an update to its Portland, Tennessee headquarters and the purchase of a 338,000 square-foot building to serve as its primary manufacturing hub.
At the time, Solon spoke of “a wave of major initiatives” the company had underway, predicting there would be more news of mergers and acquisitions from the company in the near future. In a statement accompanying news of the SOL Component acquisition, Create Energy chief of staff Joseph Fahrney reiterated this prediction.
“Create Energy promised to be a dominant force in the M&A market this year, and we are delivering,” Fahrney wrote. “We will continue to pursue strategic M&A opportunities, focusing on companies that align with our core values: innovative and disruptive technology, quality, reliability, and the expansion of American manufacturing in the USA.”
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