Marathon Capital is pleased to announce TotalEnergies (NYSE:TTE) recently signed a definitive agreement with SunPower Corporation (NASDAQ:SPWR) to purchase its Commercial & Industrial Solutions business for up to $250 million, including $60 million of earn-out, subject to regulatory evolution. The transaction is expected to close in early Q2 subject to the satisfaction of customary closing conditions.

Following a thorough process involving discussions with a number of parties, and upon the unanimous recommendation of a special committee of SunPower’s independent directors (Special Committee), the acquisition has been approved by both companies. Marathon serves as exclusive financial advisor to the Special Committee. 

Marathon's Role

Exclusive Financial Advisor

Client Countries

United States

Counter Party Countries



February 2022