TGP Investments Announces Investment in Sunpro Solar
Kansas City, MO – TGP Investments II, LLC, the manager of private equity investment fund TGP Capital Partners II, LLC, is pleased to announce that the fund has made a minority investment in Sunpro Solar (“Sunpro”). Sunpro
Sunpro Solar, a top five U.S. residential solar provider, announced today it secured investments from Compass Group Equity Partners, MGG Investment Group, LP (“MGG”), TGP Investments, and Millstone Capital Advisors. Based in New Orleans, Sunpro Solar operates in 16 states and was ranked No. 372 on the Inc. 5000 list of the nation’s fastest-growing privately held companies for 2020.
“This investment will support Sunpro’s plans for continued growth and expansion across North America,” said Sunpro Solar Founder and CEO Marc Jones. “We’re excited to partner with Compass Group and MGG to complete this transaction as we solidify our plans to bring cost effective renewable energy to homeowners nationwide. We have a phenomenal team and incredible culture at Sunpro, and this investment allows us to build both even further.”
Sunpro Solar is a Platinum installer of LG Pro Panels and Enphase Micro Inverters and a certified installer of the Tesla Powerwall. Sunpro Solar has quickly become the employer of choice for those in the industry with over 1,700 employees nationwide and growing. To learn more about Sunpro Solar, please visit www.gosunpro.com.
TGP believes Sunpro represents a compelling growth opportunity for the fund. Shane Parr, TGP Managing Director stated, “Sunpro has demonstrated impressive growth penetrating the residential solar market and is poised for tremendous growth for the next several years. Marc Jones has built a great team and we are excited to support Sunpro’s strategic plan”.
About TGP Capital Partners
Kansas City-based TGP Capital Partners, LLC and TGP Capital Partners II, LLC are private equity investment funds formed to make investments in well-managed, profitable and growing middle-market companies. TGP is a sponsor of quality managers and management teams with a goal of supporting and facilitating management’s growth initiatives and, as a result, maximizing returns for all shareholders. The fund seeks to make both control and minority equity investments in partnership with proven management talent in manufacturing, distribution, and business services companies.
For More Information
Shane C. Parr
TGP Investments, LLC
4900 Main St. Ste. 900
Kansas City, MO 64112