News & Events
Marathon Capital Advises GIP on Acquisition of Summit Ridge Energy
July 14, 2026
July 14, 2026
Distributed Energy
Mergers and Acquisitions
Global Infrastructure Partners (GIP), a part of BlackRock, announced that it has agreed to acquire a majority and controlling interest in Summit Ridge Energy (“Summit Ridge”), one of the United States’ leading commercial solar power companies.
Founded in 2017, Summit Ridge constructs, owns, and operates solar and energy storage systems throughout the Midwest, Mid-Atlantic, and New England markets. With over 275 facilities in its portfolio, Summit Ridge has delivered reliable, locally generated power to over 60,000 businesses, homes, and municipalities at lower cost since its inception.
GIP’s investment will enable the Company to advance its development pipeline, hold a larger share of projects directly on its balance sheet and expand its already formidable project acquisition capabilities through new, larger funding vehicles.
Marathon Capital served as financial advisor to GIP. The transaction is subject to customary closing conditions and regulatory approvals.
