PE-backed Gaz Métro to acquire U.S. solar energy business
An affiliate of Gaz Métro LP has agreed to buy Standard Solar Inc, a Rockville, Maryland developer, installer and funder of commercial solar electric systems in the United States. No financial terms were disclosed for the deal, which is expected to close in the weeks ahead. Gaz Métro, a Canadian natural gas distribution company, said the acquisition will expand its presence in the U.S. solar energy industry and creates opportunities for combining solar with other energy sources. Montréal-based Gaz Métro is owned by Valener Inc, Enbridge Inc and a group of investors, including Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.
7 March 2017•4 mins read
