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Marathon Advises SunPower on Sale of C&I Solutions Business to TotalEnergies

February 16, 2022


Mergers and Acquisitions

  • David Kirkpatrick

    Senior Managing Director & Head of West Coast

  • Josh Cornfeld

    Managing Director

Marathon Capital is pleased to announce TotalEnergies (NYSE:TTE) recently signed a definitive agreement with SunPower Corporation (NASDAQ:SPWR) to purchase its Commercial & Industrial Solutions business for up to $250 million, including $60 million of earn-out, subject to regulatory evolution. The transaction is expected to close in early Q2 subject to the satisfaction of customary closing conditions.

Following a thorough process involving discussions with a number of parties, and upon the unanimous recommendation of a special committee of SunPower's independent directors (Special Committee), the acquisition has been approved by both companies.

Marathon Capital serves as exclusive financial advisor to the Special Committee.

View Transaction Release

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