Koch Industries subsidiary purchases utility-scale solar installer DEPCOM Power

• Koch Engineered Solutions (KES), a unit of Koch Industries, has obtained utility-scale solar EPC and O&M service provider DEPCOM Power.

" The acquisition of DEPCOM is a milestone for KES, adding competence in eco-friendly electrical power generation to our comprehensive expertise and capacity established given to our worldwide customer base," said Don Brown, vice president of service advancement at KES. "DEPCOM has taped outstanding development over the last couple of years, and this purchase shows our self-confidence that the company will certainly be a major gamer in the future of this industry. We look forward to supporting designers and operators of renewable generation centers in providing end users with enhanced accessibility to affordable as well as trustworthy power."

DEPCOM's solar portfolio includes roughly 5 GW of projects representing completed, in-construction as well as preconstruction stages across the USA.

" This procurement is a significant development for KES, as DEPCOM will certainly allow our entrance right into the fast-growing renewables market, enhancing our dedication to the electric framework market sector," included Dave Dotson, president of KES. "The DEPCOM acquisition is consistent with KES's vision to deliver innovative, mutually useful technological as well as service remedies for commercial worth chains while all at once transforming our company to enhance and create new industry platforms. Through our complementary abilities, we can use higher opportunities for our customers that are seeking remedies in this progressively crucial as well as competitive area."

Johnnie Taul, CEO of DEPCOM, stated: "By joining KES, we are integrating forces and also shared worths, and leveraging robust capabilities and expertise facilities that will certainly accelerate our capacity to enhance our existing solutions and also increase our offerings right into brand-new service lines and markets. With each other, we will certainly better our objective to be the remedies supplier of selection for our clients in the energy industry.

The DEPCOM Power name will certainly remain. Stinson LLP functioned as legal expert to KES on the purchase, while Greenberg Traurig LLP acted as lawful advisor to DEPCOM.