Searchlight’s IPS has bought Bold Renewables from Right Lane, according to PE Hub.
Bold Renewables is based in Windsor, Colorado, according to PE Hub.
Asset and seller
The transaction described by PE Hub is IPS buying Bold Renewables from Right Lane, according to PE Hub.
What Bold Renewables does
Bold Renewables is the exclusive OEM source of field service, spare parts and preventive maintenance for Advanced Energy’s utility-scale solar inverters, according to PE Hub.
Widely known context
OEM service and maintenance arrangements in the solar inverter market are widely known to cover field service, parts supply, and preventive maintenance.
Advanced Energy is widely known as a company that makes power conversion and control solutions, including equipment used in utility-scale solar applications.
What is not disclosed
PE Hub did not disclose financial terms for IPS’s acquisition of Bold Renewables from Right Lane in the material provided.
PE Hub did not disclose the date of signing or closing for the transaction in the material provided.
