Erus Energy has been sold to GPB Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Erus Energy (“Erus” or the “Company”) has been sold to GPB Capital Holdings, LLC (“GPB”). Terms of the transaction were not disclosed.
Headquartered in Phoenix, Arizona, Erus is a leading developer and installer of residential and commercial solar energy systems and solutions. The Company has a fully integrated offering for solar photovoltaic systems including financing support, installation and ongoing maintenance services. Erus’ defensible leadership position is supported by a unique, proprietary sales process which focuses on educating customers on the numerous benefits of renewable energy and results in exceptional lead conversion. Since the Company’s founding in 2005, Erus has assisted thousands of customers from Arizona to the Carolinas with their solar and energy efficiency needs.
“Distributed solar has become a truly viable energy solution with the entire U.S. solar market exhibiting continued strength and growth,” said Jesse Gee, chairman of Erus. “Bringing in a valuable partner like GPB will help us accelerate our successful expansion in providing solar solutions to customers across the country. Lincoln’s advice and assistance was extremely valuable throughout the entire process, allowing us to achieve our goals.”
Lincoln acted as the exclusive financial advisor to Erus, working closely with the management team and shareholders throughout the process. This included providing advisory expertise and managing the marketing, due diligence and negotiation phases of the transaction.
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