Latest news with #Exagon
Yahoo
10-06-2025
- Business
- Yahoo
Exagon Impact Capital expands in renewable sector with SunRoof
Exagon Impact Capital has announced the acquisition of a controlling stake in SunRoof, a renewable energy company with operations in Mexico and Chile. This is the second portfolio company acquisition for Exagon's inaugural fund, Exagon Latin America Fund I (XLA I). The investment by XLA I will support SunRoof's expansion efforts within Mexico, focusing on accelerating distributed generation solar adoption within the commercial and industrial sectors. By integrating SunRoof into its portfolio, Exagon strengthens its foothold in advancing renewable energy initiatives throughout Latin America and the Caribbean. Exagon Impact Capital co-founder and managing partner George Osorio stated: 'What sets SunRoof apart is its distinctive and forward-thinking approach that is evident in everything they do – from securing US dollar PPAs [power purchase agreements] that eliminate currency risk, to gaining a competitive edge with their innovative solar panel cleaning technology.' Established in 2016, SunRoof provides customised clean energy solutions to commercial and industrial clients across Latin America. The company's build-and-hold platform has earned it a reputation as a trusted partner in corporate sustainability among blue-chip clients. It is well-positioned to meet growing demand from global brands prioritising sustainability through long-term PPAs. SunRoof founder and CEO Francisco Martin stated: 'We've developed a strong relationship with the Exagon team over time, and we're honoured by their trust in our vision. 'We are thrilled to begin this new chapter and see the SunRoof team grow with Exagon's support. This partnership enables us to accelerate our expansion in Mexico while continuing to deliver impactful, high-quality renewable energy solutions across the region.' SunRoof has patented autonomous solar panel cleaning technology that reduces water usage while maximising energy yield. Exagon co-founder and managing partner Marc Frishman stated: 'We are confident that SunRoof's exceptional team and differentiated business model will deliver strong, long-term value to our portfolio.' "Exagon Impact Capital expands in renewable sector with SunRoof" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-06-2025
- Business
- Yahoo
Exagon Impact Capital expands in renewable sector with SunRoof
Exagon Impact Capital has announced the acquisition of a controlling stake in SunRoof, a renewable energy company with operations in Mexico and Chile. This is the second portfolio company acquisition for Exagon's inaugural fund, Exagon Latin America Fund I (XLA I). The investment by XLA I will support SunRoof's expansion efforts within Mexico, focusing on accelerating distributed generation solar adoption within the commercial and industrial sectors. By integrating SunRoof into its portfolio, Exagon strengthens its foothold in advancing renewable energy initiatives throughout Latin America and the Caribbean. Exagon Impact Capital co-founder and managing partner George Osorio stated: 'What sets SunRoof apart is its distinctive and forward-thinking approach that is evident in everything they do – from securing US dollar PPAs [power purchase agreements] that eliminate currency risk, to gaining a competitive edge with their innovative solar panel cleaning technology.' Established in 2016, SunRoof provides customised clean energy solutions to commercial and industrial clients across Latin America. The company's build-and-hold platform has earned it a reputation as a trusted partner in corporate sustainability among blue-chip clients. It is well-positioned to meet growing demand from global brands prioritising sustainability through long-term PPAs. SunRoof founder and CEO Francisco Martin stated: 'We've developed a strong relationship with the Exagon team over time, and we're honoured by their trust in our vision. 'We are thrilled to begin this new chapter and see the SunRoof team grow with Exagon's support. This partnership enables us to accelerate our expansion in Mexico while continuing to deliver impactful, high-quality renewable energy solutions across the region.' SunRoof has patented autonomous solar panel cleaning technology that reduces water usage while maximising energy yield. Exagon co-founder and managing partner Marc Frishman stated: 'We are confident that SunRoof's exceptional team and differentiated business model will deliver strong, long-term value to our portfolio.' "Exagon Impact Capital expands in renewable sector with SunRoof" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
09-06-2025
- Business
- Business Wire
Exagon Impact Capital Acquires SunRoof, a Latin American Renewable Energy Platform, in Strategic Addition to XLA I Portfolio
NEW YORK--(BUSINESS WIRE)--Exagon Impact Capital ('Exagon'), a private equity firm advancing the renewable energy transition in Latin America and the Caribbean, announced the second portfolio company acquisition on behalf of its inaugural fund, Exagon Latin America Fund I ('XLA I'). The Fund acquired a controlling stake in SunRoof, a Latin American renewable energy platform with operations in Mexico and Chile. Founded in 2016, SunRoof has emerged as a leading renewable energy provider for commercial and industrial ('C&I') clients across Latin America, having built a strong reputation as a trusted partner in corporate sustainability, delivering customized clean energy solutions to an impressive roster of blue-chip clients through its build-and-hold platform. The Fund's investment will support SunRoof's expansion in Mexico, accelerating distributed generation solar adoption in the C&I sector. SunRoof is positioned to capitalize on rising demand from global sustainability-focused brands, having secured long-term PPAs with companies expanding in Mexico, including multinational food and beverage, tire manufacturing, and Mexican beverage firms. 'SunRoof's founding team embodies the qualities we look for in a partner: an entrepreneurial track record, financial sophistication, a commitment to transparency, and a culture of innovation,' said George Osorio, Co-Founder and Managing Partner of Exagon Impact Capital. 'What sets SunRoof apart is its distinctive and forward-thinking approach that is evident in everything they do – from securing US dollar PPAs that eliminate currency risk, to gaining a competitive edge with their innovative solar panel cleaning technology.' SunRoof's patented autonomous solar panel cleaning technology drastically reduces water usage while maximizing energy yield, reinforcing their sustainable innovation leadership. 'We've developed a strong relationship with the Exagon team over time, and we're honored by their trust in our vision,' said Francisco Martin, Founder and CEO of SunRoof. 'We are thrilled to begin this new chapter and see the SunRoof team grow with Exagon's support. This partnership enables us to accelerate our expansion in Mexico while continuing to deliver impactful, high-quality renewable energy solutions across the region.' Exagon's strategic addition of SunRoof to the XLA I portfolio strengthens the Fund's position in Latin America's middle-market renewable energy sector. "We are confident that SunRoof's exceptional team and differentiated business model will deliver strong, long-term value to our portfolio," said Marc Frishman, Co-Founder and Managing Partner of Exagon. About Exagon Impact Capital With offices in New York and Bogota, Colombia, Exagon Impact Capital is a private equity firm dedicated to driving sustainable growth and positive impact in Latin America's energy sector. The firm's XLA I Fund invests in high-potential, growth-stage companies that are advancing the renewable energy transition in the region. With a focus on clean energy, energy efficiency, and environmental sustainability, Exagon seeks to deliver attractive financial returns while addressing some of the region's most pressing environmental challenges. Exagon's leadership team – George Osorio, Marc Frishman, Claudia Arango, and Marc Ricart – brings decades of experience in private equity, clean energy, and emerging markets. Their regional expertise and strategic approach drive Exagon's focus on delivering attractive returns from impactful investments in the renewable energy sector. About SunRoof SunRoof is a leading Latin American clean energy provider serving commercial and industrial clients through solar and battery storage solutions. Originally established in Chile with a strong blue-chip client base, the company has expanded into Mexico's rapidly growing C&I renewable energy market, offering Power Purchase Agreements under the ESCO model that enable corporations to decarbonize operations with no upfront costs while improving ESG performance. Co-founded by Francisco Martin and Nicolás Ibarra, SunRoof combines technical expertise with deep regional market knowledge to build long-term partnerships with major global corporations. The company's track record and dedicated team position it as a key driver of Latin America's clean energy transition.
