Solar deal would create new industry giant

(Disclosure: Rose Law Group represents Sunrun.)

By Ivan Penn | New York Times

Sunrun, the nation’s largest residential solar company, said on Monday that it was acquiring a leading competitor, Vivint Solar, to form one of the world’s largest providers of solar equipment.

If approved, the all-stock deal would create a company with about 500,000 customers, Sunrun said in a statement. Board members of both companies unanimously approved the deal, it said.

Sunrun said the deal had an enterprise value — that is, including the assumption of debt — of $3.2 billion.

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