ESGEN Acquisition Corp. announces business combination with Sunergy Renewables at $475M enterprise value

Zeo Energy Corp.

Sunergy reported $123M revenue and $11M EBITDA in 2022, with nearly 2,400 residential solar installations.
Pro forma implied enterprise value of the combined company is $475 million.
Gross proceeds of up to $65M, including a $10M PIPE from ESGEN's sponsor affiliate Energy Spectrum.
Transaction expected to close in Q4 2023, subject to shareholder approval and customary conditions.
Sunergy is a Florida-based provider of integrated rooftop solar, energy storage, and energy efficiency solutions.

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