iSun, Inc. Chapter 11 Sale to Clean Royalties, LLC
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 26th, 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
Financial Advisor in Chapter 11 Bankruptcy
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 26th, 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