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Bravo Infrastructure Group Partners with Orion Infrastructure Capital on the Purchase of Radiance Solar, a Leading Southeast Solar EPC

28 Nov 2022

Bravo Infrastructure Group, LLC (“BIG”) announced that it has acquired Radiance Solar, LLC, (“Radiance”), one of the largest commercial and industrial (“C&I”) solar engineering, procurement and construction (“EPC") contractors in the southeastern United States, through a capital partnership with Orion Infrastructure Capital (“OIC”).

Since 2007, Radiance has become one of the largest and longest standing EPC companies in the southeast. Radiance has installed over 125 MW of solar across ground mounts, rooftops, and canopies, including systems with battery storage. Radiance also maintains a large operations and maintenance (“O&M”) business serving assets throughout the southeast. To complete the purchase of Radiance, BIG partnered with OIC, a leading capital solutions provider to middle market infrastructure businesses with approximately $3 billion of assets under management.

Steve Newby, owner of BIG commented, “We are very excited to announce the acquisition of Radiance and our capital partnership with OIC. Radiance is a leader in the commercial and industrial EPC market and the O&M market in the southeast. We look forward to working with their outstanding team on meeting the needs of the high growth C&I solar market. Radiance will be the perfect complement to BIG’s other solar platform, Sunshine Solar, LLC, the second largest C&I mechanical installation firm in the US. With OIC as a partner, both companies are strongly capitalized, and we expect both to benefit from the significant growth and tailwinds in solar deployment.”

“OIC’s capital partnership with BIG and the acquisition of Radiance represents our collective conviction on the demand for C&I and community solar systems,” said Chris Leary, Investment Partner and Head of Infra Equity at OIC, “We believe that our structured equity solution will further support environmentally innovative distributed power generation solutions for customers focused on sustainability.”

Radiance | www.radiancesolar.com

OIC | www.oic.com

Sunshine Solar | www.sunshinesolar-llc.com