Solaris Energy Acquires HVMVLV to Enhance Offering and Expand End Markets

Solaris Energy Infrastructure has acquired HVMVLV, a provider of electrical control and distribution equipment, technical design, and engineering services. The acquisition enhances Solaris' existing offering, positions the company to enter new end markets, and accelerates cross-selling opportunities for its Power-as-a-Service offering. Existing HVMVLV management will remain with Solaris.

Houston, TX – Solaris Energy Infrastructure, Inc. (NYSE: SEI), a leading provider of mobile and scalable power solutions, has announced the acquisition of HVMVLV, LLC, a specialty provider of complex and fast-turnaround electrical control and distribution equipment along with technical design and engineering services. The acquisition aims to enhance Solaris' existing offering, position the company to enter new end markets, and accelerate cross-selling opportunities for its Power-as-a-Service (PaaS) strategy.

HVMVLV, led by industry veterans, brings significant technical expertise to Solaris. The company's solutions are used across various industries, including hospitality, healthcare, data centers, utilities, and energy. By integrating HVMVLV's capabilities, Solaris can provide a comprehensive turnkey solution that accelerates deployment and time to power for its customers.

The acquisition also exposes Solaris to new, high-growth end markets. HVMVLV's balance-of-plant solutions are essential across all electricity use cases, regardless of generation source, significantly expanding Solaris' total addressable market. The existing HVMVLV management team will remain with Solaris, providing immediate depth to the company's bench of technical talent.

Bill Zartler, Solaris' Chairman and Chief Executive Officer, commented, "We’re excited to welcome and integrate the HVMVLV team to Solaris. We believe this acquisition enhances our existing offering, strategically positions us to enter new end markets, and accelerates cross-selling opportunities for Solaris’ Power-as-a-Service offering."

Solaris Energy Infrastructure, Inc. provides mobile and scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including energy, data centers, and other commercial and industrial sectors. Additional information is available on their website, solaris-energy.com.

References:
[1] https://finance.yahoo.com/news/solaris-energy-infrastructure-announces-acquisition-110000459.html