Sale of Company to:
EDF Renewable Energy
EDF Renewable Energy (EDF RE) acquired Global Resource Options, Inc. (dba: groSolar), one of the nation's leading distributed generation solar firms. groSolar, a privately owned company with SJF Ventures and NGP Energy Technology Partners as major owners, had developed, designed, and constructed more than 150 MW of solar PV systems across the U.S. with more than 2,000 installations as of closing.
Marathon Capital acted as exclusive financial advisor to groSolar.
Together with groSolar, Marathon Capital developed materials to present groSolar's strategic business plan to the market. Marathon Capital then conducted a comprehensive process to explore financial and strategic investor interest in partnering with groSolar to further accelerate its growth in the distributed marketplace and was pleased to help facilitate the transaction between two strongly aligned players with a great strategic fit.