Blattner Energy, the renewable energy installer and contractor; announced that it is currently exploring new strategic options to strengthen its market position in North America further.
According to a press release, the Company is seeking a transformational transaction, whether it be a sale or a merger. Blattner believes that through actions in this regard, it could take advantage of next-generation opportunities in the renewable energy market and ensure its employees’ and customers’ future success.
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Blattner: exploring new market-efficient alternatives
This Tuesday, the renewable energy installer and contractor Blattner Energy announced it is seeking new strategic options to strengthen its position in the North American market. Whether it be through a sale or a merger, the Company is willing to implement different strategies to take advantage of next-generation opportunities and ensure its customers’ and employees’ future success.
Scott Blattner, the company president, said, “Blattner is in a powerful position today, as we have been throughout our history. We seek to further that momentum.”
“Our industry is on the cusp of significant evolution, and this is an opportunity to accelerate our organization with additional scale and resources to continue leading and delivering certainty to our renewable energy customers,” he added.
Founded in 1907, the Company is one of North America’s leaders in renewable energy installations, encompassing solar, wind and energy storage. So far, the Company has created 50,000MW of renewable energy; Installed more than 400 utility-scale wind and solar systems across the United States and Canada; and secured nearly 9,800 megawatts of wind, solar, and storage to be built.
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“As the North American renewable energy leader, we’re seeking a partner that appreciates and values our business model, culture, and the success that our teams have built. Equally important, we want an organization that’s a leader in their respective market and can provide the support and resources that will allow us to continue expanding and improving with new technology and innovation,” said Blattner.
The Company will be exploring a range of potential partnerships within and outside of the renewable energy industry and has engaged investment banking firm J.P. Morgan, as its exclusive financial advisor.
“Blattner has long set the standard in the performance of renewable energy construction, customer service, and employee culture. This journey is to elevate a pathway to an even brighter future and provide opportunities for long-term success. I’m confident that we can achieve our goal,” concluded Blattner.
The Company is a diversified renewable energy contractor that provides leading expertise and collaborative construction solutions nationwide. Also, it is the parent company of Blattner Energy and D.H. Blattner&Sons, of which both are industry-leading renewable energy contractors in their respective markets throughout the United States.