Parties
Company
Generac Power Systems
Company
SunGrid Solutions Inc.
Generac Power Systems, a leading global designer and manufacturer of energy technology solutions, acquired PowerPlay Battery Energy Storage Systems, a division of SunGrid Solutions Inc.
PowerPlay specializes in turnkey Battery Energy Storage Systems (BESS) tailored for commercial and industrial projects up to 7 MWh.
The financial terms of the transaction were not publicly disclosed.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
26 June 2024