Install, the parent company of rooftop solar mounting companies such as IronRidge, Esdec and PanelClaw, has acquired Schletter Group, a German supplier of solar mounting systems. Schletter’s current shareholders, Avenue Capital Group and Robus Capital, will become minority shareholders in Enstall to support the company’s long-term strategic plans, in partnership with existing shareholders Blackstone and Rivean Capital.
Schletter’s headquarters in Germany. Schletter
“On behalf of the Enstall team, I would like to welcome all Schletter employees to the Enstall family,” said Stijn Vos, CEO of Enstall. “Schletter is Germany’s long-standing solar installation champion, with a strong reputation for quality and innovation. We look forward to combining our expertise to achieve our shared vision of accelerating solar adoption so we can deliver solar energy faster.”
Founded in 1968 and headquartered in Kirchdorf, Germany, Schletter has supplied mounting and racking systems to more than 55 GW of solar installations worldwide. The company’s product portfolio includes roofs, facades, carports and ground-mounted solar installations, including trackers and fixed tilt systems.
“Enstall shares our long-term commitment to sustainable solar energy for future generations,” said Florian Roos, CEO of Schletter. “Everything we do is guided by our commitment to improving the durability, safety, sustainability and quality of our solar mounting systems, to support achieving a green energy transition. The collaboration with Enstall will strengthen the combined innovation capabilities and enable us to serve our customers worldwide with a broader portfolio of products and digital solutions.”
This transaction follows the acquisition of Enstall by Blackstone and Rivean Capital in 2022. The transaction will expand Enstall’s footprint in Germany and Central Europe and establish Enstall as a supplier of both roof and ground-mount segments.
“With this transformative acquisition, Enstall establishes a strong presence in Germany, Europe’s largest solar market, and expands into the attractive ground-mounted solar segment,” said Juergen Pinker, senior managing director at Blackstone and Maurits Boomsma, senior partner at Rivian Capital. “Following Enstall’s acquisition of Sunfer in 2023, this deal demonstrates the continued, strong momentum the company has as it executes its growth strategy. We welcome Avenue Capital and Robus Capital as minority investors in Enstall, who have been long-time supportive owners of Schletter.”
News item from Enstall