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Written by: Leonard Parker | Solar News | 04th May
CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage and emerging energy industries, has been acquired by affiliates of American Securities, a U.S. private equity firm.
“CS Energy fits squarely within our strategy to acquire market-leading companies servicing the U.S. energy transition to renewables,” said Michael Sand, a Managing Director of American Securities. “We are impressed by the CS Energy management team, corporate culture and outstanding track record, and are thrilled to partner with management to achieve its growth plans.”
CS Energy has constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets.
“CS Energy is extremely excited to be partnering with American Securities through our next phase of growth,” said Matthew Skidmore, CEO of CS Energy. “Our management team and strategy will remain consistent on a go-forward basis and we are excited to continue to grow our business by continuing to execute great projects for our customers.”
American Securities acquired CS Energy’s entire stake from previous owners Ares Management and The Conti Group.
“The Conti Group is proud of the growth that CS Energy has had over the past three years with its strong partnership with Ares and we look forward to its continued growth and success with American Securities,” said Kurt Conti, Chairman of The Conti Group. “This investment continues to advance our longstanding vision of building a world-class renewable energy company.”
News item from CS Energy