How active is Private Equity / PE-Backed Roll-Up in solar acquisitions?

11 disclosed private equity / pe-backed roll-up acquisitions of solar businesses analyzed (4 from 2018+). Run the ExitValue.ai calculator to see what this buyer pool would pay for your specific business.

Who are the most active private equity / pe-backed roll-up buyers of solar businesses?

Top recent acquirers by deal count: La Caisse de dépôt et placement du Québec (2 deals), Rice Acquisition Corp. (:RICE) (1 deals), Capital Dynamics, Inc. (1 deals), ORIX Corporation (1 deals), Brookfield Renewable Partners L.P. (TSX:BEP.UN) (1 deals), Irving Infrastructure Corp. (1 deals).

BUYER POOL ANALYSIS

Selling a Solar to Private Equity / PE-Backed Roll-Up buyers

Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.

Quick answers

How many disclosed transactions?: 11 deals total (4 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of solar businesses.
Most active buyers: La Caisse de dépôt et placement du Québec (2) · Rice Acquisition Corp. (:RICE) (1) · Capital Dynamics, Inc. (1) · ORIX Corporation (1) · Brookfield Renewable Partners L.P. (TSX:BEP.UN) (1) · Irving Infrastructure Corp. (1)
What would this buyer pool pay for my business?: Run the ExitValue.ai calculator to see your solar priced against the 11 disclosed private equity / pe-backed roll-up transactions in this segment. The engine surfaces the specific multiples that apply to your size, margin, and growth profile.

Recent disclosed deals

Private Equity / PE-Backed Roll-Up acquisitions of solar businesses with named target and named acquirer.

Year	Target	Acquirer
2026	Boralex Inc.	La Caisse de dépôt et placement du Québec
2025	Innergex Renewable Energy Inc.	La Caisse de dépôt et placement du Québec
2021	Aria Energy LLC	Rice Acquisition Corp. (:RICE)
2018	8point3 Energy Partners LP	Capital Dynamics, Inc.
2017	Ormat Technologies, Inc.	ORIX Corporation
2017	TerraForm Power, Inc.	Brookfield Renewable Partners L.P. (TSX:BEP.UN)

What this buyer pool prices for

Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis - recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. A solar that fits the platform thesis prices materially above what an individual buyer would pay because PE is buying a platform piece, not an owner-operated shop.

Methodology note

Deal flow shown reflects disclosed M&A transactions in the ExitValue.ai database, filtered to solar businesses acquired by private equity / pe-backed roll-up buyers. Deal counts shown reflect deals with disclosed financials only - total transaction count for this buyer pool is typically 2-3x larger. The valuation engine reveals the specific multiples that apply to your business when you run the calculator above. Full methodology

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Engine-grounded estimate. Comparable private equity / pe-backed roll-up deals on the full results page.