CHICAGO, IL – March 13, 2015 – Marathon Capital is pleased to announce the successful sale of Main Street Power, Inc. to The AES Corporation, a Fortune 200 global energy company with operations in 18 countries. Main Street Power is a leading owner, operator and financier of distributed solar projects and has developed more than 200 commercial projects and several residential platforms across the United States. Marathon Capital acted as exclusive financial advisor to Main Street Power on the sale.
Marathon Capital led a comprehensive market reach for the primary purpose of recapitalizing Main Street Power’s balance sheet and ownership structure, from a 60+ private investor shareholder base to a growth platform with the long term vision, balance sheet and investment resources to expand the business plan along its already established market reach and penetration.
“Marathon Capital was pleased to work with the Main Street Power and AES teams, providing for an orderly transition from private investors to a balance sheet sponsored business, capable of continuing its growth in both the solar residential and C&I market space,” said Terry Grant, Managing Director of Marathon Capital. “Overall, the solar space is hot. These transactions are not easy, but there is an appetite among traditional energy players to ensure they are not left out of forward facing market models. We are optimistic that this will not be the last transformative platform transaction this year.”