"Marathon Capital, has been an invaluable partner and advisor through this acquisition process," said Dale Freudenberger, CEO of FLS Energy, Inc. "From their initial analysis of the market, comparisons of financing options, and assembly of our CIM, they have been involved in and guided our entire process. Marathon Capital worked closely with us to quickly narrow our options and then assisted with complex modeling and extensive due diligence to help us get to this final deal."
"We are seeing very strong demand in the market for integrated and scalable platforms with a full suite of in-house project development capabilities," said Terry Grant, Managing Director at Marathon Capital. "Marathon Capital was pleased to work with the FLS Energy and Cypress Creek Renewables teams, and recognizes the immediate growth and value extraction potential from this highly complementary platform combination."
About Marathon Capital
Marathon Capital, LLC, is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the global energy and infrastructure markets. Marathon Capital is a three-time recipient of the "Best Renewable Asset M&A Advisor" Award (2013, 2014, 2015), as well as the "Renewable Generating Project Finance Deal of the Year" Award (2015) in Power Finance & Risk's Annual Power Finance Deals and Firms Awards.
About FLS Energy
FLS Energy is a full service solar energy provider that owns and operates a portfolio of solar energy assets throughout the U.S. In addition to company owned installations, FLS provides EPC solutions for clients with projects ranging in size from distributed generation commercial systems to utility scale solar farms. The FLS development team takes a project from conception to commissioning and offers complete in-house system design, engineering, construction, financing and turnkey project development. Founded in 2006, FLS Energy's corporate headquarters is located in Asheville, North Carolina.
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SOURCE Marathon Capital