Solar technology firm Create Energy has finalized its acquisition of SOL Components, purchasing the solar structure and tracker manufacturer from parent company Kloeckner Metals Corp.

Financial terms of the deal have not been disclosed.

The deal is set to greatly bolster Create Energy’s offerings in the solar tracker market, officials say, positioning the Portland, Tennessee-based firm as a “premier provider of fully integrated energy systems” in the U.S. Additionally, the deal furthers the company’s mission of becoming a single source solar platform for EPCs, IPPs, and hyperscale solar developers.

Create Energy CEO Dean Solon says he is thrilled to see the deal’s closure, as his company adds to its “Un-Evil Empire” and the ONTRACK solar tracker platform. He adds that the company has more in the works, and advised customers to keep watch for further business moves.

“We are building a unified power plant platform that simplifies and elevates how energy projects are designed, procured, and deployed,” Solon says. “Our mission is clear: deliver the best products, unmatched customer service, and absolute reliability. I’ve been in solar for over 30 years, and it’s time to completely revolutionize the tracker market.”

Keeping Create Energy ONTRACK

One of the greatest benefactors of this deal will be Create Energy’s ONTRACK platform, the company says. Already fully integrated with the firm, the platform provides “a seamless panel-to-power experience” eliminating complexity, reducing costs, and strengthening execution.

In a rapidly consolidating solar and solar tracker market, Create Energy is working to consistently expand its offerings. The aggressive M&A strategy the firm has deployed recently is part of its wider vision, it says, as it works to build a “powerhouse platform” of solar offerings.

The deal is a step forward for the company, representatives add, toward changing how the energy infrastructure industry handles design, deployment, and scaling. Create Energy is working to “fundamentally reshape the industry,” the firm adds, rather than make incremental improvements.

“Create Energy promised to be a dominant force in the M&A market this year, and we are delivering,” says Joseph Fahrney, Create’s chief of staff. “In a consolidating industry, customers choose us because they trust Dean Solon and our ability to provide speed, certainty, unmatched performance, and one of the best warranties in the industry.

“This acquisition amplifies our momentum and solidifies Create Energy as the premier long term solutions provider for the energy sector.”

Tags: acquisition, Create Energy, M&A, mergers and acquisitions, SOL Components