Ross Solar Group has been sold to Consolidated Edison Solutions
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Ross Solar Group (“Ross” or the “Company”) has sold to Consolidated Edison Solutions, Inc. (“conEdison Solutions”). Terms of the transaction were not disclosed.
Ross is a leading provider of turnkey solar system solutions for residential, commercial and municipal customers throughout the Northeast United States. Ross has a comprehensive suite of capabilities including solar installation and consulting services, as well as repair and maintenance services. The Company’s service focus and construction expertise result in premium solar installations for homeowners and businesses throughout the Northeast U.S.
conEdison Solutions has a long record of providing renewable services to businesses, institutions and municipalities. With the acquisition of Ross, the company will gain the capacity to bring sustainable energy choices to more residential customers.
Josh Ross, co-founder of Ross Solar, noted, “The future of our company is very exciting now as a part of conEdison Solutions. Lincoln’s knowledge of the solar space and transaction expertise were essential in facilitating this transaction and helping us achieve this great result for our employees and our customers.”
Lincoln acted as the exclusive sell-side advisor to Ross, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
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