Powerhome Solar and Roofing

Powerhome Solar and Roofing

Value: Undisclosed

POWERHOME Solar, LLC is a leader in the residential solar installation space. It was ranked 7th nationally for residential solar contracting and as the 96th fastest growing company in the US. The company is headquartered in Mooresville, North Carolina and has operations in North Carolina, South Carolina, Virginia, Michigan and Ohio with expected growth in a number of other states.

Trivest is a private equity firm that makes both controlling and minority stake investments in high quality companies with strong management teams, sustainable competitive advantages and high growth prospects. The company recently closed its 6th fund, which totals $600 million. Trivest is headquartered in Coral Gables, FL.

POWERHOME Solar pursued a growth equity investment in order to accelerate its growth in existing and new states.

Cypress Associates LLC acted as financial advisor to POWERHOME Solar in its sale of Series A Convertible Preferred Stock to Trivest.