Concord’s NextEnergy to be acquired by LoneStar Capital

by BGR on July 23, 2008

nextenergy purchased by lonestar capitol

NextEnergy of Concord is scheduled to be purchased by LoneStar Capital of Texas for $3.6 MM. NextEnergy has installed solar power systems throughout the state of California, its main focus is the Northern California territory. Residential installations account for 90% of NextEnergy’s revenues with small business installations accounting for the remainder. Mr. Randy Kauffman is currently the President and majority shareholder of NextEnergy.

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