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Woodbridge International Closes Sale of GRNE Solar to Nelnet

July 1, 2022

Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, GRNE Solar by Nelnet.

GRNE, based in Palatine, Illinois and Lincoln, Nebraska designs and installs residential, commercial and utility-scale solar systems in Illinois, Indiana, Iowa, Nebraska, Missouri and soon in Colorado. Collectively, the GRNE team has over three decades of renewable energy and green construction experience and has proudly generated over 35 gigawatt hours (GWh) of clean renewable energy.

“This acquisition presents an outstanding opportunity for the growth of GRNE and for Nelnet’s continued expansion into the renewable energy space. With Nelnet’s proven track record for growing and scaling business as well as GRNE’s industry expertise, we will continue to accomplish amazing things. Solar energy is a key component to accomplishing the energy goals of the future, and we are proud to be part of the solution,” said Jess Baker, co-founder and president of GRNE Solar.

Nelnet is a publicly traded diversified financial services and technology company focused on offering educational services, technology solutions, professional services, telecommunications, renewable energy, and asset management.

Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.