Bregal Sagemount Announces Strategic Growth Investment in Solo

NEW YORK – September 19, 2022 – Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, today announced a minority strategic growth investment in SOLO LLC (“Solo”), a leading provider of solar sales, proposal, and design software. Financial terms of the transaction were not disclosed.

Solo is a pioneer and innovator in solar energy sales, accelerating growth of the solar industry with their cloud-based quote, propose, and close platform.

In 2017, Solo was the first to market with the introduction of their one-touch-close system. Today, Solo continues to lead the industry as they enhance and expand their platform with best-in-class accuracy, real-time visualization features, proprietary measurement and calculation engine, presale and educational tools, and integrated partner and lender solutions.

The Solo and Sagemount partnership is aligned by a shared vision of accelerating growth and speed to market through technology and talent. The investment will be used to fuel further growth for Solo within the solar industry and deepen Solo’s ongoing revolution of the point-of-sale experience by enabling the advancement of new technology, adding and attracting talent, and most importantly, enabling the company’s ambitious milestones in clean energy adoption.

Sagemount’s investment was led by Pavan Tripathi, Sandeep Swaminathan, Gerald Castaldo, and Harrison Boyajian. Goodwin Procter served as legal counsel to Sagemount and Mayer Brown served as legal counsel to Solo.

About Solo

Solo is the market leading independent provider of solar sales, proposal and design software, primarily servicing engineering, procurement, and construction companies, solar installers, sales dealers and roofing companies in the United States. The Company is headquartered in Lehi, Utah and employs over 200 individuals. The SOLO platform has helped hundreds of solar companies optimize their operations and close more deals. To date, over 3 million solar projects have been designed with Solo’s software, saving an estimated 150,000 hours of work.

For more information on Solo, go to the firm's website at gosolo.io.

About Sagemount

Bregal Sagemount is a leading growth-focused private capital firm with more than $5.5 billion of capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 60 companies in a variety of sectors including software, financial technology & specialty finance, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Dallas, and Palo Alto.