Ballard Spahr advised Astrum Solar, Inc. 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 Maryland and the Northeast. 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.