PowerSecure Gains Full Ownership Of Its Solar Business

Posted by SI Staff on May 23, 2013 No Comments
Categories : New & Noteworthy

PowerSecure International Inc. has gained 100% ownership in its solar business with the acquisition of the final 10% stake from Southern Energy Management.

In addition, the company has gained 100% ownership of its IES LED lighting business with the purchase of the final 33% ownership interest from IES and acquired Powerline EHV & Safety Training LLC, a provider of utility safety training services.

The company completed these three transactions for approximately $1.3 million in cash and approximately $3 million in common stock, for a total aggregate value of approximately $4.3 million.

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