Marathon Capital is pleased to announce it served as the exclusive financial advisor to Pro-Tech Energy Solutions (“Pro-Tech”), on its sale to Madison Energy Infrastructure (MEI), a leading clean energy developer and asset owner.
Formed in 2009 and based in Moorestown, New Jersey, Pro-Tech is a renewable energy company that develops, designs, finances, and provides full EPC services for commercial and utility scale solar PV projects. Pro-Tech has built hundreds of distributed solar projects and has recently developed a pipeline of front-of-the-meter assets across the Northeast and Mid-Atlantic.
“It has been a pleasure watching the Pro-Tech team grow its business over the past decade into the platform it is today. The interest we had in the business is a testament to the team’s hard work in creating a vertically integrated renewable energy company. We are excited to follow the team’s progress now that they are part of an even bigger platform at Madison, backed by a tremendous team at EQT.” – Brian Kremer, Managing Director, Marathon Capital
“After fifteen years as an independent company, we are excited to have found such a complementary partner as MEI. We are looking forward to building a world-class company together. To have completed this transaction at a such a challenging time for the industry is a testament to Marathon Capital’s reach into the renewable industry and their ability to help us navigate discussions with a variety of interested parties.” – Rich Cooper, CEO & President, Pro-Tech
About Pro-Tech Energy Solutions, LLC
Branchburg, NJ-based Pro-Tech Energy Solutions LLC is a self-funded, turnkey energy services company offering a wide range of energy solutions and services for residential and commercial properties. From simple lighting upgrades to utility-scale solar installations, Pro-Tech’s team of seasoned experts design and implement customized solutions so that clients can achieve cost-effective, long-term savings. ProTech’s members have been responsible for developing and project managing the installation of over thirteen (13) MW of large and small-scale solar photovoltaic (PV) systems in New Jersey since 2003. Pro-Tech is a member of the American Solar Energy Society, Northeast Sustainable Energy Association and the International Solar Energy Society. For more information, please visit http://pro-techenergy.com/.
About Madison Energy Infrastructure
Madison Energy Infrastructure is a leading clean energy partner committed to delivering sustainable results with certainty, speed, and trust. Our robust portfolio—comprised of over half a gigawatt of clean energy infrastructure assets across more than 25 states—is bolstered by the strength of our globally renowned investors and capital partners. We offer a comprehensive suite of services from project development and engineering to construction, financing, and long-term asset management. What sets us apart is our team’s commitment to addressing complex challenges and making the transition to clean energy simple, efficient, and profitable. With a proven track record of successfully executing hundreds of projects, we are unwaveringly focused on exceeding expectations and achieving meaningful results for our partners and customers.