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Farella Represents Swinerton in Sale of Renewable Energy Division and SOLV, Inc.

September 24, 2021 Announcement

Northern California legal powerhouse Farella Braun + Martel represented Swinerton Incorporated in its agreement to sell its renewable energy division Swinerton Renewable Energy (SRE) and wholly-owned subsidiary SOLV, Inc. to private equity firm American Securities LLC. When finalized, the transaction will combine Swinerton's existing EPC and O&M service groups together under one company name, SOLV Energy, LLC.

SRE has built over seven gigawatts of PV solar capacity in 26 states and was ranked the number one solar contractor in the U.S. in 2021 by Solar Power World. SOLV, Inc. provides Operations and Maintenance (O&M) capabilities both in-house and to third-party plants. Read the deal announcement here.

Phil Peters led the Farella M&A team and was supported by tax partner Said Kordestani on a myriad of tax issues. Corporate associates Drew Goodwin and Shannon Kimball also dedicated themselves to seeing this transaction through to signing. The transaction is subject to customary closing conditions.

Farella Braun + Martel is a leading Northern California law firm representing corporate and private clients in sophisticated business and real estate transactions and complex commercial, civil and criminal litigation. Clients seek our imaginative legal solutions and the dynamism and intellectual creativity of our lawyers. We are headquartered in San Francisco and maintain an office in the Napa Valley that is focused on the wine industry.

Contact:
Cheryl Loof
Farella Braun + Martel LLP
415.954.4433 / [email protected]

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