pineapple energySolar + Storage Contractor, Acquisition Sunation Energy, a New York-based solar installer for residential and small commercial customers. The transaction he completed on November 9, 2022.
SUNation has been serving Long Island for 19 years, offering a variety of solar energy solutions including residential, commercial, battery and roofing, and currently serving over 12,000 PV systems. increase. Since its inception, SUNation has installed over 275,000 solar panels, equivalent to 92 MW of carbon-free solar power, in the course of nearly 8,000 projects.
Founder Scott Musquin will continue to manage SUNation in New York. Musquin will contribute to current and future acquisitions and will be appointed to Pineapple’s board of directors. SUNation’s Chief Growth Officer, Jim Brennan, will lead corporate development for Pineapple Energy.
Kyle Udseth, CEO of Pineapple Energy, said: “We are confident that this acquisition will provide us with greater scale, significantly higher revenues and progress towards achieving our key goal of being cash flow positive in 2023. Solar Energy.”
Earlier this year, Pineapple Energy acquired both Sungebiti and Horizon Solar. Eric Ingvaldson, chief financial officer of Pineapple Energy, said the company is pursuing other acquisitions.
“SUNation Energy is delighted to join the Pineapple Energy family. Almost 20 years ago, we set out to change the way our friends and neighbors powered their homes and businesses. “I’ve seen a lot of companies come and go, mostly because they forgot who matters most: the customer,” Maskin said. We are very fortunate to have found a team that shares our goals.A dominant, high quality, referral-based local company is the heart of this industry and Pineapple is quick to recognize the great work done by the SUNation team. By working with the Pineapple team, we are able to scale this model nationwide while providing the highest quality customer experience possible.The Pineapple team are humble, knowledgeable, and proactive. We are an unstoppable team.”
Notice from Pineapple Energy