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Marathon Advises CarVal Investors on Purchase of a Minority Interest in Verogy

May 09, 2022


Mergers and Acquisitions

  • Ammad Faisal, CFA

    Senior Managing Director & Head of New York

  • Gary Greenblatt

    Vice Chairman

  • Matt Volkov

    Vice President

CHICAGO, IL - May 9, 2022 - Marathon Capital, LLC ("Marathon Capital") has advised CarVal Investors, L.P. ("CarVal"), on its purchase of a minority interest in Verogy, a leading, vertically integrated solar developer focused on the commercial, industrial and small utility-scale segments. 

CarVal is a Minneapolis-based global alternative asset manager with approximately $14 billion in assets under management. This investment will accelerate 500 MW of projects currently in Verogy's development pipeline.

Marathon Capital acted as exclusive advisor to CarVal on this transaction.



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