Nexamp Buys SolVera

4/1/11

Nexamp, a North Andover, MA-based firm that helps clients design and develop clean energy projects, announced today that it has acquired SolVera Energy, a renewable energy services firm of Hingham, MA. Nexamp, which raised $6.5 million in January 2010, said the purchase is designed to boost the utility-scale and distributed renewable energy services it offers. The financial terms of the acquisition were not revealed, but Nexamp said former SolVera CEO John Malloy Jr. will join Nexamp as co-CEO and member of the board of directors, and will lead the company’s newly formed renewable energy solutions business unit.

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