Omnidian, a performance assurance provider for renewable energy assets, announced its acquisition of Solar Service Guys (SSG), which provides system lifecycle service and support for residential and commercial solar investors.
As per the terms of the agreement, SSG will be a fully integrated subsidiary of Omnidian, operating within Omnidian’s Australian arm. The newly combined organization will focus on delivering services and solutions to customers across the residential, commercial, and utility solar markets.
“We are thrilled to welcome the talented team at Solar Service Guys into the Omnidian group. This acquisition marks a major milestone in our international growth, and in our commitment to investing in the Australian market and providing best-in-class solar support and services to our customers. Together, we will drive growth, innovation, and new opportunities for clients and employees alike,” said Mark Liffmann, CEO of Omnidian.
This acquisition is expected to enable Omnidian to expand its presence in the Australian market to serve clients and partners across the region better. David Pethick will transition from General Manager of Omnidian Australia into President of the combined Australia entity.
“From the beginning, Omnidian’s goal was to become the worldwide leader in performance assurance for IoT-enabled distributed clean energy assets. This acquisition is a precursor to our continued expansion into new geographies over the next few years, with research in the EU, LATAM, and other markets ongoing,” said Raymond Szylko, Chief Strategy Officer at Omnidian.
According to Mercom’s Annual and Q4 2024 Solar Funding and M&A report, M&A activity was 15% lower year-over-year in 2024, with 82 corporate M&A transactions compared to 96 in 2023.
In February, Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, announced it entered into a definitive agreement to be acquired by TPG, a global alternative asset management firm, through its TPG Rise Climate transition infrastructure strategy for $5 per share of its Class A common stock.
