May 28, 2025
Distributed Energy
Mergers and Acquisitions
Marathon Capital announces Tortoise Capital Advisors, LLC (“Tortoise Capital” or “the Company”) has sold 100% of the equity interests in 15 operating commercial and industrial (“C&I”) solar assets with a combined capacity of approximately 50 MW. Altus Power, a leading owner of commercial-scale solar assets in the U.S., acquired the assets located in New York and Kansas. Marathon Capital acted as exclusive financial advisor to Tortoise Capital on the transaction.
Marathon Capital conducted a targeted marketing process that included valuation, structuring, due diligence, and negotiation support to ensure an efficient and timely closing.