Blattner Energy, a solar PV, wind and energy storage installer in the renewable energy market of North America, is on the lookout for a sale or merger in order to achieve what it terms should be a 'transformational transaction'.
With J.P. Morgan as its exclusive financial advisor, Blattner Energy said it is exploring strategic options to further strengthen the organization's market leadership position, provide additional resources to take advantage of next-generation opportunities emerging in the renewable energy market.
It is open to exploring potential partnerships within or outside of the renewable energy industry as it claims to have created 50 GW of renewable energy since its inception having installed more than 400 utility scale solar and wind energy systems across the US and Canada. In its current portfolio, Blattner said it has secured nearly 9.8 GW of wind, solar and storage to be built.
"Our industry is on the cusp of significant evolution and this is an opportunity to accelerate our organization with additional scale and resources to continue leading and delivering certainty to our renewable energy customers," explained company President Scott Blattner. He added, "Equally important, we want an organization that's a leader in their respective market and can provide the support and resources that will allow us to continue expanding and improving with new technology and innovation."