RM Capital Partners – a strategically positioned private equity firm focused on enabling market leaders across the infrastructure services industry – announced it has completed the acquisition of Integrated Solar Operations d/b/a ISO Solar, a leading provider of turnkey solar energy systems to residential, commercial, and government customers across Puerto Rico.
Launched in 2013 with a mission to deliver reliable and sustainable energy solutions, ISO Solar offers innovative solar engineering, design, installation, repair, and maintenance services that improve the quality of life for over 6,000 customers.
RMC’s multi-faceted growth strategy enables ISO Solar to capitalize on the growing need for energy resiliency, security, and lower energy bills than the status quo – reliance on an unstable and under-maintained centralized electrical grid. And despite billions in federal funding allocated to rebuilding and strengthening Puerto Rico’s energy infrastructure, which was decimated by Hurricane Maria in 2017, both the frequency of power outages and price of electricity have continued to rise. As a result, many residents are actively searching for alternatives, and ISO Solar is strategically positioned to meet this demand through technological innovation, product line expansion, and operational excellence.
As RMC and ISO Solar pursue this new chapter, ISO Solar founder Ralph Diaz will stay on as a board member and ensure a smooth transition in executive leadership to the company’s new CEO, Francisco González Ohárriz. Francisco brings more than a decade of solar, business development, and executive leadership experience to the team, and he will play an integral role in executing the Company’s value creation plan.
KEY QUOTES:
“We specifically chose to partner with RMC due to its invaluable expertise spanning solar, project finance, and renewable energy, while also understanding the importance of our employees and team culture as driving forces of ISO Solar’s success. We are confident solar will power Puerto Rico’s future, and RMC will help us achieve our goal of providing access to clean, reliable, and affordable energy to all Puerto Ricans.”
ISO Solar’s Founder Ralph Diaz
“Ralph and his team have built a truly best-in-class business. We are excited to expand on ISO Solar’s tremendous accomplishments by leveraging the Company’s reputation, relationships, and capabilities, while further investing in people, products, services, and infrastructure to capture an outsized share of the surging demand for alternative energy solutions in Puerto Rico. We are proud to partner with ISO Solar and look forward to supporting the next chapter of its growth and value creation.”
Ruslan Matveyev, Managing Partner of RM Capital Partners
