Sungevity renames itself Solar Spectrum, will reach out to current customers for new warranty solution

By Kelly Pickerel Solar Spectrum, a new company backed by an investment group led by Minnesota-based private equity firm Northern Pacific Group, has acquired certain assets of Sungevity as part of a bankruptcy court-approved sale. The investment group includes Hercules Capital of Palo Alto and DGB Investments, a wholly owned investment vehicle of Douglas Bergeron, former VeriFone chairman and CEO.
Under the terms of the transaction, Solar Spectrum has acquired Sungevity’s infrastructure, technology, installer network, supplier warranties and certain agreements. Solar Spectrum intends to hire the substantial majority of current Sungevity employees. The company has also acquired Sungevity’s European businesses and will continue to

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