SolarCity Buys Zep Solar For $158M
San Mateo-based solar financing provider SolarCity said this week that it has acquired Zep Solar, a provider of residential photovoltaic module mounting systems. SolarCity said it would pay $158M in shares of SolarCity common stock for Zep Solar, which is based in San Rafael. SolarCity said that Zep Solar will operate as an independent business unit of SolarCity.
posted on Friday, October 11, 2013
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