Strategic Investment in:

Blue Oak Energy

Panasonic Eco Solutions (“Panasonic”) and Coronal Group, LLC (“Coronal”) partnered to invest in Blue Oak Energy, a design, engineering, procurement and
construction (“EPC”) company focused exclusively on solar photovoltaic systems. Coronal and Panasonic previously established an exclusive strategic
relationship to jointly develop, finance and operate commercial and utility scale solar assets (“Coronal-Panasonic”).

Marathon Capital acted as exclusive financial buy-side advisor for Coronal-Panasonic

Headquartered in Davis, California, Blue Oak Energy had engineered and constructed solar electric systems on over 600 distinct locations across more than
30 states in the U.S. and several international locations totaling over 1 GW at the time of the Panasonic and Coronal investment.

This strategic investment allowed Blue Oak Energy to continue business development as a stand-alone entity while supplementing Panasonic’s EPC capability.
Blue Oak Energy increases Panasonic’s engineering and construction management capabilities, in order to widen the breadth of the Coronal-Panasonic
solar delivery solution platform.

Marathon's Role

M&A - Buy Side

Client Countries


Counter Party Countries



September 2015