Ballard Spahr advised Astrum Solar, Inc., one of the fastest-growing U.S. residential solar energy companies, in its acquisition by Direct Energy for $54 million.

Astrum Solar, a leading national full-service residential solar provider, serves homeowners and small businesses in Connecticut, Delaware, New Hampshire, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Virginia, Washington, D.C., West Virginia, California, and Arizona. Based in Annapolis Junction, Maryland, and founded in 2008, Astrum Solar was ranked No. 2 on Inc. Magazine’s “America's 10 Fastest Growing Private Companies” in 2012 and its "500 Fastest Growing Companies" list in 2013. Ballard Spahr has advised Astrum Solar since its founding.

Direct Energy, based in Houston, is one of North America’s largest energy and energy-related service companies, with more than 6 million residential and commercial customer relationships. A subsidiary of Centrica plc (LSE: CNA), one of the world's leading integrated energy companies, Direct Energy operates in 46 states plus Washington, D.C., and 10 provinces in Canada.

The Ballard Spahr team that worked on the transaction included Douglas M. Fox, Wayne R. Strasbaugh, Brian M. Pinheiro, Charles R. Moran, James B. MacDonald II, Alisa M. Huth, and Lauren B. Ziegler, as well as paralegal Robert C. Darrell.

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Business and Finance
Energy and Project Finance
Mergers and Acquisitions
Private Equity