Month: December 2024

England & Company is pleased to announce that it served as the exclusive financial advisor and investment banker to iSun, Inc. (“iSun”) (OTCPK: ISUN), a provider of solar design and installation, electrical contracting, and project management services, in its sale to Clean Royalties, LLC. The sale was effectuated through a Chapter 11 asset sale under Section 363 of the U.S. Bankruptcy Code.

Based in Williston, VT, iSun filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware in June 2024. England was retained as iSun’s investment banker and financial advisor for the purpose of arranging DIP financing, soliciting offers for iSun’s assets, and advising the board of directors throughout the Chapter 11 process. The sale was ultimately approved by the U.S. Bankruptcy Court in August 2024 and closed on August 26^th, 2024.  iSun was also assisted in the process by Novo Advisors and Gellert, Seitz, Busenkell & Brown who acted as restructuring advisor and debtors’ counsel, respectively.

“I am very pleased to have had the England team navigate iSun through this process, achieving a result which preserved the business as a going concern for the benefit of our commercial partners, employees, and other stakeholders,” said Rob Vanderbeek, Chief Restructuring Officer of iSun. “With England having previously advised iSun, the Board trusted their advice to put the company in the best possible position. We believe that we achieved that with the sale to Clean Royalties.”

The acquisition and leadership transition is part of the company’s restructuring plan to restore financial stability and pursue growth in the solar energy business across northern New England and New York state.

About iSun

Since 1972, iSun has accelerated the adoption of innovations in energy transition and electrification technology and has been a trusted provider of solar design and installation services to Fortune 500 companies. The company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility-scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery-backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. For more information, please visit: www.isunenergy.com

About Clean Royalties

The company invests in leading companies that focus on the following themes: cleaner power generation, electric transmission, critical energy infrastructure, energy technology, energy efficiency, decarbonized transport, and critical natural resources. For more information, please visit: www.cleanroyalties.com

October 2024 – England & Company is pleased to announce that it served as the financial advisor to Sargent Electric Company, LLC (“Sargent”), a leading electrical contractor with over $400 million in annual revenue, in its sale to Constructel Visabeira (“Constructel”), a global leader in providing energy and telecommunications engineering and construction services, backed by Goldman Sachs Alternatives.

Based in Pittsburgh, Pennsylvania, Sargent is a full-service electrical contractor serving Fortune 500 companies throughout the United States.  The company has a long history and proven capabilities in energy transition projects (including renewable energy projects such as wind, solar, renewable natural gas, and battery energy storage), utility transmission, distribution, and substation projects, commercial and industrial projects, and data center projects.

This acquisition strengthens Constructel’s position in the U.S. energy and renewables sector as well as the technology and AI sectors. Its expansion will enhance its capabilities, geographic footprint, and customer base while creating commercial synergies with JFECC, a U.S. company Constructel acquired in 2020. This strategic move positions Constructel for accelerated and sustainable growth by combining its expertise with Sargent’s brand and established client relationships.

About Sargent Electric Company

Founded in 1907, Sargent Electric is a top-tier electrical construction and services company offering a wide range of electrical services to clients in the energy, infrastructure, industrial, and commercial sectors. With over a century of experience and a dedicated team of professionals, Sargent Electric is recognized for its safe, high-quality work, reliability, customer-focused approach, and proven delivery capabilities. With over 1,000 direct employees, the company has facilities in the Midwest, Mid-Atlantic, and Northeast regions, including Pennsylvania, Indiana, Maine, Wisconsin, and Ohio, and provides services across the U.S. For more information please visit:www.sargentelectric.com

 About Constructel Visabeira

Based in Portugal, Constructel Visabeira is a leading international company in the telecommunications and energy sectors, with integrated skills that allow us to offer customized solutions for each customer. With more than 40 years of experience and owned by the Visabeira Group, a multinational and multisectoral holding company operating in the sectors of Telecommunications, Energy, Technology, Construction, Industry, Real Estate and Tourism, Constructel is already an essential reference with unique know-how that enables a diversified offer of turnkey solutions, including the design, implementation, construction, and maintenance of network infrastructures. The dedication and responsiveness of our teams are up to the expectations of the most demanding customers and the most challenging markets. For more information please visit: www.constructelvisabeira.com