Verengo Solar Plus, a California-based residential solar provider, has received a $9.7 million investment from Angeleno Group LLC, a Los Angeles-based private equity firm that invests in alternative energy and energy-related companies.
‘Over the past three years, Verengo has established a track record of impressive sales and revenue growth,’ says Zeb Rice, group managing partner and co-founder of Angeleno Group. ‘Furthermore, Verengo has demonstrated that it not only can grow quickly, but also manage the operational complexities of scaling its business while continuing to provide swift and high-quality customer service.’
Seven Hills Partners LLC acted as exclusive financial adviser to Verengo in this transaction.
SOURCE: Verengo Solar