Standard Solar Completes Acquisition Of 6.2 Megawatt Rhode Island Community Solar Portfolio From Trina Solar
Oct 18, 2022•over 2 years ago
Acquiring Company
Standard Solar
Acquired Company
6.2 Megawatt Rhode Island Community Solar Portfolio
Description
Standard Solar, Inc., a recognized leader in the development, funding, ownership and operation of commercial and community solar assets, is expanding its community solar portfolio in Rhode Island with the acquisition of a combined 6.2 megawatts of projects from Trina Solar.
M&A Insights
Based on deal dataIntegration 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