Powell Max signs LOI to acquire Boston Solar in USD 9 million deal

Reuters

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<a href="https://laohu8.com/S/PMAX">Powell Max</a> signs LOI to acquire Boston Solar in USD 9 million deal

Powell Max signed a non-binding letter of intent to acquire Boston Solar, a regional EPC solar installer focused on Massachusetts and New England.
The proposed transaction is valued at USD 9.0 million, including the assumption of up to USD 7.0 million of debt.
The parties expect to execute a definitive agreement by May 16, 2026, subject to due diligence.
After closing, Powell Max expects to provide Boston Solar up to USD 20.0 million in working capital funding, subject to finalizing the definitive agreement and securing capital.
Boston Solar reported 2025 revenue of USD 24.0 million, with 65% from residential and 35% from commercial.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230830PRIMZONEFULLFEED9676154) on March 23, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230830PRIMZONEFULLFEED9676154) on March 23, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}