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SOLV Energy completes acquisition of SDI Services to strengthen renewable energy offerings

Jan 15, 2025•6 months ago

Acquiring Company

SOLV Energy

Acquired Company

Sacramento Drilling, Inc.

San DiegoSacramentoRenewable EnergyConstruction

Description

SOLV Energy has strategically acquired Sacramento Drilling, Inc. (dba SDI Services), bolstering SOLV's renewable energy solutions capabilities and adding highly skilled talent and capacity to continue delivering top-tier project execution outcomes. This acquisition accelerates SOLV Energy's initiative to enhance services offerings and solidifies its position as a leading renewable solutions provider. The combined efforts of SOLV Energy and SDI Services aim to set the standard for installation efficiency and innovation on utility-solar projects.

Company Information

Company

SOLV Energy

Location

San Diego, California, United States

About

SOLV Energy is a leading provider of infrastructure services to the power industry, delivering integrated solutions across the full project lifecycle, from design through long-term operation. Since 2008, we have built more than 500 utility-scale solar and storage plants, totaling 20 GW of generating capacity. SOLV Energy also provides operations and maintenance (O&M) services to 143 operating power plants, representing over 17 GW of generating capacity across more than 30 states. In addition to EPC and O&M for utility-scale power plants and related T&D infrastructure, we offer value-added services including SCADA solutions, large-scale repair, emergency response and repowering services to maximize project performance and energy availability.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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