Unirac Secures Investment Led by Greenbelt Capital Partners

Peter Lorenz, CEO of Unirac, said, “We are incredibly proud of the business we have built and the meaningful product and service innovations the Unirac team has brought to our customers. In 2019, we implemented a program called ‘Better Solar Starts Here.’ This program puts our customers’ success at the center of everything we do at Unirac.”

This investment will support Unirac’s continued pursuit of new product development and supply chain resiliency, further bolstering the Company’s broad and innovative product portfolio.

Unirac products offer solutions for every environment, roof material, project design and installation type, and have outsized impacts on ease of installation relative to cost.

Chris Murphy, Partner at Greenbelt, said, “We are excited to partner with Unirac’s executive team and Tenex to combine our significant experience in the solar and broader distributed energy sectors and support the continued growth of Unirac, which has consistently differentiated itself from the competition to become a leader in the space.”

Sam Graham, Principal at Greenbelt, added, “The energy landscape is rapidly evolving as residential and C&I property owners rethink patterns of consumption and strive to gain energy resilience and independence. Following the Inflation Reduction Act’s extension of the ITC, we expect to see accelerated adoption of rooftop solar, which will help further bolster Unirac’s market position.”