Goldman Sachs and Cleanhill Partners have acquired EPC Power Corp., a North American designer, developer and manufacturer of smart inverters.

EPC Power boasts of being the only end-to-end power conversion service provider in the U.S. With this deal, EPC Power looks to expand and deliver against rapid growth in the renewable energy storage markets while helping to facilitate the U.S. economy’s clean energy transition.

“EPC Power is uniquely positioned to play a critical role in the evolution of the U.S. solar and energy storage value chains and is now well capitalized to continue its trajectory of rapid growth,” comments Alexander Mass, managing director of Goldman Sachs asset management. “As the only scaled supplier of smart inverters that are designed, engineered and 100% manufactured in the U.S., EPC Power is a natural continuation of our thematic investment activity in this space, in partnership with Cleanhill Partners and EPC management.”

William Blair served as the exclusive financial advisor to EPC Power; Foley & Lardner served as legal counsel to EPC Power; Vinson & Elkins and Kirkland & Ellis served as legal counsel to Goldman Sachs and Cleanhill Partners.