The company has purchased two installers, Green Rack Solar and Ipsun Solar, and plans to acquire more. It is backed by GEF Capital Partners and aims to grow to around $30 million worth of earnings before interest, tax, depreciation, and amortization (EBITDA).
Organizations Involved
GEF Capital Partners
Founders
Lee Keshishian
Company Description
Civic Renewables is rolling up residential solar installers to improve quality and grow the market. The company is focused on acquiring small installers and providing back office support, training, and systems to enhance their operations.