Applied Value Group, a New York City-based investment, management consulting and social impact organization, has acquired ES Solar, a residential and commercial solar and battery installer with headquarters in Layton.
With operations in Utah, Idaho and Wyoming, ES Solar specializes in energy storage, with over 90 percent of its installations featuring a battery.
“We are thrilled to join forces with Applied Value Group,” said Chris Loock, CEO of ES Solar. “This strategic partnership not only strengthens our position in our core markets but also enables our ability to rapidly expand into other geographies.”
Jeff Dimond, ES Solar’s chief operating officer, said “This will further the adoption of clean energy by accelerating the deployment of residential and commercial solar and storage systems.”
“We are very excited to announce the acquisition of ES Solar,” said Bruce Grant, executive chairman of Applied Value Group. “ES Solar has demonstrated tremendous growth, and we can’t wait to help further accelerate their journey.”
“We were extremely impressed with the quality of ES Solar’s management team and culture,” said Maximillian Sultan, a partner with Applied Value Group. “ES Solar’s agility will allow the company to continually improve its market position.”
The existing ES Solar team, led by Loock and Dimond, will remain in place.
Applied Value Group has made more than 50 total investments across many industries and has offices in New York, Miami, Stockholm, Istanbul and Shanghai.