Solar racking provider Unirac secures extra PE companies as investors
- Middle-market personal equity firm Greenbelt Capital Partners has led a bulk recapitalisation investment of an undisclosed amount in US solar racking and also mounting solutions provider Unirac Inc
Greenbelt Capital Partners Unirac LP was participated this transaction by Trilantic Energy Partners II (The United States And Canada) LP and also its parallel fund.
Based in Albuquerque, New Mexico, Unirac styles as well as manufactures solar photovoltaic (PV) racking and also mounting systems for the property as well as commercial and industrial (C&I) markets in North America. To date, it has greater than 1.5 million dispersed generation (DG) setups.
Unirac estimates that solar arrays have actually up until now been installed in just about 5% of viable homes and also less C&I sites in the United States.
"The energy landscape is rapidly developing as household as well as C&I property owners rethink patterns of usage and strive to obtain energy strength as well as freedom. Complying With the Inflation Reduction Act's expansion of the ITC, we expect to see accelerated adoption of roof solar, which will certainly assist better boost Unirac's market position," mentioned Sam Graham, Principal at Greenbelt.
Unirac has been had by Tenex Capital Management considering that 2016 as well as the buyout company will certainly continue to possess a significant risk in the business alongside key participants of Unirac's management team, according to the news.
