Solaris Energy Infrastructure, Inc., today announced the acquisition of HVMVLV, a specialty provider of complex and fast-turnaround electrical control and distribution equipment, along with associated technical design and engineering services. HVMVLV is one of Solaris’ strategic partners and was acquired from existing management, who will remain with the Solaris team and provide significant technical expertise as the Company advances its Power-as-a-Service strategy.
Transaction Highlights and Strategy
- Strengthens Solaris’ Power-as-a-Service Offering. Internalizes key capabilities related to the distribution and voltage regulation of complex and mission-critical power loads. These capabilities expand Solaris’ portfolio and deliver customers a comprehensive turnkey solution designed to accelerate deployment and time to power.
- Exposure to New, High-Growth End Markets. HVMVLV’s solutions are used across a broad range of industries, including hospitality, healthcare, data centers, utilities, and energy.
- Power Source Agnostic Solutions. Balance-of-plant solutions are essential across all electricity use cases, regardless of generation source, significantly expanding Solaris’ total addressable market.
- Complementary Team. HVMVLV is led by industry veterans who bring years of partnership with the Solaris Power Solutions team and provide immediate depth to Solaris’ bench of technical talent.
CEO Commentary
“We’re excited to welcome and integrate the HVMVLV team to Solaris,” commented Bill Zartler, Solaris’ Chairman and Chief Executive Officer. “We believe this acquisition enhances our existing offering, strategically positions us to enter new end markets, and accelerates cross-selling opportunities for Solaris’ Power-as-a-Service offering.”
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