EDF Renewable Energy today announced the acquisition of Global Resource Options, Inc.
"We are very pleased to welcome groSolar to the EDF RE family. The company brings to EDF RE the ability to offer competitively priced distributed generation solar solutions to the growing Municipal, University, School and Hospital (MUSH), corporate, and utility customer base," stated Tristan Grimbert, CEO and President of EDF RE. "The addition of an established and successful distributed generation business line contributes to our long-term growth plan to diversify the customer base and augments a comprehensive range of energy services that the EDF group offers to its customers worldwide."
"GroSolar benefits from the ability to leverage EDF RE's deep technical resources and project development experience while remaining an independent subsidiary," stated Jamie Resor, CEO of groSolar. "We worked collaboratively during the due diligence process to ensure that our respective cultures and customer oriented focus would fully align. And today we look forward with confidence to accelerate our reach in the expanding distributed generation solar market as part of EDF RE."
Marathon Capital served as exclusive financial advisor to groSolar.