ConnectM expands presence in Florida with acquisition of Florida Solar Products
In Massachusetts, ConnectM Technology Solutions, a clean energy technology and solutions provider for buildings and all-electric OEMs, announced the acquisition of Florida Solar Products (Solar Energy), effective December 31, 2022. With this acquisition, ConnectM adds an established leader in the solar space on the Treasure Coast in Florida, further enhancing the company’s existing renewable and sustainable energy options. The acquisition of Solar Energy is complementary to ConnectM’s focus on heating and cooling for over 4,000 customers through Absolutely Cool Air, one of ConnectM’s existing portfolio companies. “The opportunity to add Solar Energy to our portfolio of renewable and sustainable energy solutions is truly unique as an already established player in the desirable Florida market,” said Bhaskar Panigrahi, ConnectM’s CEO. “Established in 1979, Solar Energy has decades of brand equity as a respected brand making the company a perfect, complementary fit to our expanding portfolio.” Solar Energy has 9,000 customers in Florida, providing offerings to both residential and light commercial customers.
