McDermott Will & Emery represented PermaCity in the transaction.
Catalyze executed its acquisition of PermaCity, a solar developer and installer.
Headquartered in Los Angeles, PermaCity was founded in 2003 by Jonathan Port. The company has developed more than 100 MWs of installed and operating solar generation on more than 9 million square feet of commercial roofs, including the Westmont Industrial Complex, the largest solar roof in the U.S. at 16.4 MWs, the L.A. Convention Center, Fox Studios, and many others.
Catalyze is 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.
Catalyze is backed by leading energy investors EnCap Investments L.P. and Yorktown Partners LLC.
The McDermott team advising PermaCity was led by Carl Fleming (Picture) and included team Ed Zaelke, Heather Cooper, John Bridge, Andrew Kim, Seth Doughty, and Leigh Ratino.
Involved fees earner: John Bridge – McDermott Will & Emery; Heather Cooper – McDermott Will & Emery; Seth Doughty – McDermott Will & Emery; Carl Fleming – McDermott Will & Emery; Andrew Kim – McDermott Will & Emery; Leigh Ratino – McDermott Will & Emery; Edward Zaelke – McDermott Will & Emery;
Law Firms: McDermott Will & Emery;