Multi-State Solar & Electrical Contractor, Southeastern US

Full Editorial Writeup

This is a multi-state solar installation and electrical contractor operating in the Southeastern United States, with roughly $36.4M in 2025 revenue and $1.22M in normalized EBITDA. The business runs established residential and commercial divisions and layers in battery storage, EV charging, and general electrical services. A majority of revenue and earnings flow from solar installation, with the whole thing supported by an independent Quality of Earnings review, which is an unusually buyer-friendly signal for a deal this size.

What makes it notable operationally is the vertically integrated model. The company controls sales, design, permitting, installation, inspection, and utility interconnection, with in-house W-2 crews in its core markets rather than relying entirely on subcontractors. Lead generation runs through a proprietary CRM and a broad bench of financing partners, and a growing commercial & industrial division (about 20% of revenue) serves schools, manufacturers, and institutional customers, carrying a $9.9M contracted backlog.

The listing positions this squarely as a platform acquisition for strategic buyers, electrical contractors, energy services companies, and PE-backed roll-ups. An experienced management team runs day-to-day operations with limited owner involvement, which supports a hands-off or strategic-ownership transition rather than an owner-operator takeover.