GPB Capital Holdings, LLC, a New York based private equity and asset management firm, has acquired Erus Energy in its quest to build a billion dollar, fully integrated green energy business. Terms of the transaction were not disclosed.
Headquartered in Phoenix, Arizona, Erus is a developer and installer of residential and commercial solar energy systems and solutions. The company has a fully integrated offering for solar photovoltaic systems including financing support, installation and ongoing maintenance services.
The Erus acquisition is a keystone investment in GPB’s energy strategy. Erus’ leadership position is supported by a unique and proprietary sales process which focuses on educating customers and taking a holistic approach to energy production and savings.
Lincoln International acted as the exclusive financial advisor to Erus
Jesse Gee, Erus Chairman, stated.
“This new partnership with GPB gives Erus a launch pad to be one of the most dynamic, fastest growing energy company’s in the US.”
“Distributed solar has become a truly viable energy solution with the entire U.S. solar market exhibiting continued strength and growth
“Bringing in a valuable partner like GPB will help us accelerate our successful expansion in providing solar solutions to customers across the country. Lincoln’s advice and assistance was extremely valuable throughout the entire process allowing us to achieve our goals.”