SunSource (Clayton, Dubilier & Rice) Acquires K+S Services

NovaSource Power Services Acquires SunSystem Technology

January 26, 2021

Renewable Energy

NovaSource Power Services, a portfolio company of Clairvest Group Inc., has merged with SunSystem Technology (SST); the combined business will operate under the NovaSource brand. The transaction brings together field technicians and operations to expand nationwide renewable O&M coverage (the combined group has ~550 field technicians) and positions Derek Chase (CEO of SST) to lead NovaSource's Distributed Generation O&M business.

Clayton, Dubilier & Rice Acquires Majority Stake in Sirius Computer Solutions

July 1, 2019

IT Services

Clayton, Dubilier & Rice (CD&R) acquired a majority equity interest in Sirius Computer Solutions from funds affiliated with Kelso & Company. The partnership positions CD&R to support Sirius’ continued growth and expand its managed services, cloud, security and solutions offerings while Joe Mertens remains CEO.

ServicePoint Acquires SmartSource

April 3, 2024

IT Services

ServicePoint, a portfolio company of Mill Point Capital, has acquired SmartSource LLC, a St. Charles, Illinois-based provider of IT staffing, multi-site deployment and technical solutions. The add-on expands ServicePoint's service capabilities, customer reach and operational scale across its U.S. footprint while SmartSource's founders and management will remain to continue growth.

Clairvest Acquires SunPower's O&M Business and Rebrands It NovaSource Power Services

May 14, 2020

Energy

Clairvest Group Inc., together with its fund Clairvest Equity Partners VI (CEP VI), acquired the solar operations and maintenance (O&M) business of SunPower Corporation and will rebrand the business as NovaSource Power Services. The transaction is a management buyout with the SunPower O&M leadership taking material equity; Clairvest intends to build NovaSource as a global buy-and-build solar O&M platform to expand capabilities and geographic reach.

Sunpro Corporation Acquires Building Services Group

January 7, 2025

Construction

Sunpro Corporation, a subsidiary of Clyde Companies, Inc., has acquired Building Services Group and its six member insulation companies to expand Sunpro’s insulation operations across Utah and into Colorado. The acquired firms will operate under the Sunpro name, broadening Sunpro’s residential and commercial insulation capabilities and geographic footprint.

Cascade Services Acquires Sun Plumbing (FL) and Smith & Keene Home Services (VA)

September 5, 2024

HVAC & Mechanical

Cascade Services, a residential tri-trade services platform based in Tampa, announced the acquisitions of Sun Plumbing (Melbourne, Florida) and Smith and Keene Home Services LLC (Chesapeake/Norfolk, Virginia). The Smith & Keene Home Services business was a carve-out of the retail/install and service/repair divisions from Smith & Keene Electric Service, Inc.; both deals are add-on acquisitions that expand Cascade's regional footprint and service capabilities.