Insights
Firm News

Swinerton Completes Sale of Renewable Energy Division and SOLV, Inc.

January 5, 2022 Announcement

Northern California legal powerhouse Farella Braun + Martel represented Swinerton Incorporated in the disposition of its renewable energy division Swinerton Renewable Energy (SRE) and wholly-owned subsidiary SOLV, Inc. to private equity firm American Securities LLC. The transaction, finalized on December 23, 2021, combines 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. Business transactions lawyers Drew Goodwin and Shannon Kimball also dedicated themselves to seeing this transaction through to closing.

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]

Firm Highlights

Publication

Life Is Too Short for Bad Wine Distribution Agreements: 10 Key Considerations

If you are like most wine brands, DTC through your tasting room, club, and website can only take you so far. Success usually means accessing the general on- and off-premise markets, and accessing those...

Read More
News

Farella Braun + Martel Attorneys Named to 2023 Northern California Super Lawyers and Rising Stars

Thirty-eight Farella Braun + Martel lawyers were named to the Super Lawyers and Rising Stars lists of top attorneys in Northern California for 2023. 2023 Farella Northern California Super Lawyers: Carly Alameda – Business...

Read More
News

Farella Advises K.R. Rombauer in Sale of Rombauer Vineyards

Farella Braun + Martel represented K.R. Rombauer III, a principal owner of Napa Valley’s Rombauer Vineyards, in the sale of the company to E. & J. Gallo’s Luxury Wine Group. E. & J. Gallo’s...

Read More
Publication

Green in a Sea of Red: Winery Sales Are a Continuing Safe Haven in Rough Waters

The U.S. financial markets are down, yet marquee California wineries are attracting high earnings multiples and Wine Country real estate continues to command exceptionally high prices. The wine industry is unusual and complex. It’s...

Read More
Publication

New Laws and Compliance Updates for California Employers in 2023

California has passed several new or amended employment laws covering topics ranging from off-duty marijuana use, reproductive rights, California Family Rights Act, COVID-19, criminal law and the workplace, new avenues of enforcement against employers...

Read More
News

Farella Lawyers Recognized in The Best Lawyers in America® 2024 Edition

Read More
News

Farella Names Carolina de Armas and Hilary Krase As Leadership Council on Legal Diversity Pathfinders

Carolina de Armas and Hilary Krase
Read More
Publication

Under FTC’s New Proposed Rule, Employers Will No Longer Be Able to Rely on Noncompete Agreements

The Federal Trade Commission (FTC) has proposed a rule that would prohibit the use of noncompete agreements in employment contracts. Noncompete agreements prevent employees and independent contractors from pursuing certain forms of employment &ndash...

Read More
Publication

Corporate Transparency Act Imposes New Disclosure Obligations on Business Entities Effective January 1, 2024

Corporate Transparency Act Guide - PDF If you own an interest of 25% or more in any business entity or have any substantial control over any business entity (including as a manager or senior...

Read More
Publication

California Extends Presumption of COVID-19 as Workers’ Compensation Injury and Modifies Notice Requirements for Potential Exposure

In addition to AB 152 extending COVID-19 leave through December 31, 2022 , Governor Gavin Newsom has also signed into law two other COVID-related bills—AB 1751 and AB 2693—affecting employers’ policies regarding employees who...

Read More