Energy & Sustainability M&A Activity — May 2021
By EsqSocial Corporation 07/05/21
Recent M&A Activity: April 1, 2021: SunStreet, a subsidiary of Lennar (NYS: LEN), was acquired by Sunnova Energy (NYS: NOVA) for $354.5 million. Under the terms of the agreement and earnout agreement, Lennar will receive total consideration of up to 7.22 million shares of Sunnova common stock, which is comprised of 3.33 million shares in initial consideration payable at closing and 3.89 million shares in consideration associated with two earnouts. SunStreet is a provider of solar panel systems...
By: Mintz - Energy & Sustainability Viewpoints