Overview
International law firm McDermott Will & Emery represented PermaCity, a solar developer and installer, in its acquisition by Catalyze, a leading national independent power producer that develops, constructs, owns and operates renewable distributed generation and storage projects for commercial and industrial customers.
The acquisition is a strategic transaction in Catalyze’s recently announced market consolidation strategy. With a commitment to deliver more than 400 MWs of projects within the next few years, PermaCity expands Catalyze’s project pipeline to more than 2 GWs and establishes leadership in California’s robust distributed solar market and adds proprietary rooftop solar technology to deploy rooftop solar projects nationwide.
- The transaction was completed on April 12, 2021.
- McDermott Will & Emery acted as legal advisor to PermaCity.
- Catalyze is backed by leading energy investors EnCap Investments L.P. and Yorktown Partners LLC.
- The McDermott team was led by Carl Fleming and included team Ed Zaelke, Heather Cooper, John Bridge, Andrew Kim, Seth Doughty, and Leigh Ratino.
Learn more about the deal in Catalyze’s press release.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
