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Sustainable Energy & Infrastructure M&A Activity — September 2025

Recent M&A Activity:

August 14, 2025: APA Solar, provider of solar racking and foundation solutions catering to commercial and utility-scale fixed-tilt and tracker interface projects, was acquired by Array Technologies for $179 million on August 14, 2025. This strategic acquisition strengthens Array’s position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry.

August 8, 2025: Heliogen, a renewable energy technology company focused on delivering around-the-clock, low-carbon energy production, was acquired by Zeo Energy for $10 million on August 8, 2025. Through this acquisition, Zeo will be able to accelerate the vision of serving energy consumers across the spectrum — from residential rooftops to larger-scale industrial solar and storage applications — to build an energy platform at scale.

August 6, 2025: Resilient Power, developer of electric vehicle (EV) charging stations designed for commercial and fleet operations, develops solid-state transformer-based technology to streamline the connection between the power grid and EV charging stations. The company was acquired by Eaton for an undisclosed amount on August 6, 2025.

July 31, 2025: Eagle Energy Metals, operator of a resource development company intended to advance nuclear energy through uranium mining, reached a definitive agreement to acquire Spring Valley Acquisition through a reverse merger on July 31, 2025.

 

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Authors

Thomas R. Burton, III

Thomas R. Burton, III

Member / Chair, Sustainable Energy & Infrastructure Practice

Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.
Sahir Surmeli

Sahir Surmeli

Member / Co-Chair, Sustainable Energy & Infrastructure Practice

Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.