Wednesday, February 5, 2014

Sunrun Buys Solar Installation Businesses From Mainstream Energy

San Francisco-based solar installer Sunrun said late Tuesday that it has acquired the residential solar installation division of REC Solar, AEE Solar, and SnapNrack--all of which were part of Mainstream Energy. Financial terms of the deal were not disclosed. REC Solar provided residential solar sales, design, and installation; AEE Solar provides wholesale distribution; and SnapNrack provided solar mounting systems. Sunrun is venture backed by Accel Partners, Sequoia Capital, Foundation Capital, and Madrone Capital Partners.