NovaSource Power Services Completes Acquisition of Heliolytics Inc.

NovaSource Power Services has completed the acquisition of Heliolytics Inc., the largest global provider of photovoltaic aerial inspections and advanced site data services to empower the next generation of solar.

Heliolytics’ technology platform and advisory services help customers gain a deep understanding of how their solar fleet is performing throughout its life cycle and the company’s comprehensive solutions help ensure solar energy projects are optimized to yield expected returns in a way that maximizes power output performance and reliability of components, modules, and arrays while reducing portfolio risks and decreasing operational costs.

NovaSource Power Services, a portfolio company of Clairvest Group Inc. (TSX: CVG), is a global O&M services provider for renewable energy assets and is the industry frontrunner in data-driven asset performance services. The combined expertise and resources of NovaSource and Heliolytics will provide the solar industry with the most comprehensive suite of lifecycle services, which are at the forefront of renewables operations and maintenance.

Wildeboer Dellelce LLP acted for the sellers of Heliolytics Inc. with a team comprised of Sanjeev Patel, Peter Hill and Alex Karlsen (corporate) and Katy Pitch (tax).