Unirac announces a majority recapitalization led by Greenbelt Capital Partners, with Tenex Capital Management holding a stake. Unirac is a leading designer and manufacturer of photovoltaic mounting solutions.
A boost to investment
Unirac, with this investment supports the further development of new products as well as the resilience of the supply chain. The company thus strengthens its broad portfolio of innovative products as it offers solutions for every environment. Chris Murphy, partner at Greenbelt, announces:
“We are excited to partner with Unirac’s leadership team and Tenex to combine our significant experience in the broader solar and distributed energy sector and support continued growth, which has consistently differentiated itself from the competition to become a leader in this field. “
The adoption of solar energy is benefiting from changing consumer preferences and falling costs. However, the US markets are important but remain underpenetrated. In fact, about 5% of households install solar energy, and this rate decreases on industrial sites.
Unirac’s products provide customers with a faster and more efficient installation. This translates into savings on energy bills. In addition, the group is reducing its carbon footprint and dependence on the grid.
Innovative technology
Since its acquisition by Tenex in 2016, the U.S.-based company has been building a market-leading platform of solar mounting solutions. Unirac is committed to innovation and to the efficiency of the installation. The whole package helps to solidify its position as a solution provider in solar mounting.
A pioneer in the North American solar industry with over 1,500,000 installations, the company has a wealth of expertise. Unirac focuses on customer experience for its partners. Thus, the group’s products seek to offer solutions for every environment.
Greenbelt Capital Partners is a growth-oriented middle-market private equity firm. It focuses in particular on control investments in infrastructure development in the energy sector. In particular, the group is committing $4.6 billion of equity capital to several portfolio companies.
