SunPower Corporation (NasdaqGS:SPWR) acquired Blue Raven Solar, LLC and Albatross Software LLC from a group of investors for approximately $170 million on October 4, 2021. SunPower acquired 100% and 35% stake in Blue Raven Solar, LLC and Albatross Software LLC, respectively from Peterson Partners VII, L.P., a fund managed by Peterson Partners LP, Jenny Lynn Lee, as Trustee of The Keyhole Canyon Trust, Michael R. Cahill, as Trustee of The Skein Trust and as Trustee of The Gosling Trust, Jeffrey Lee, Benjamin Peterson, Michael Rands and The Church of Jesus Christ of Latter-day Saints. Pursuant to the Purchase Agreement, the company agreed to pay to the sellers up to $145 million in initial cash consideration, which amount is subject to a customary working capital adjustment. The Purchase Agreement also provides that the company will make certain cash payments to Blue Raven employees and service providers, which are included in the aggregate purchase price, in accordance with retention agreements entered into between such individuals and Blue Raven. Additionally, Peterson and Rands have agreed to defer portions of the amounts to be paid to them at closing, which amounts shall be paid on the 18-month anniversary of the closing, subject to certain conditions, including that each of Peterson and Rands continue to be employed by Blue Raven on the 18-month anniversary of the closing. The company has also agreed to make an additional cash payment of up to $20 million based on Blue Raven?s revenue for the period beginning on September 13, 2021 and ending June 19, 2022. The Contingent Payment will increase linearly from $0 up to a maximum of $20 million upon Blue Raven?s achievement of a minimum of 75% of the aggregate revenue amounts agreed to among the parties. The consideration was funded with operating cash and the sale of 1 million of SunPower's Enphase shares for $178 million proceeds. Nomura Greentech acted as an Exclusive Financial Advisor to Blue Raven Solar on its deal with SunPower Corp Blue Raven reported revenues of $136 million and EBITDA margin of 10% for the last twelve months. Blue Raven Chief Executive Officer Ben Peterson will join SunPower?s executive team, and the company expects to build upon Blue Raven?s current employee and contractor relationships. The acquisition represents EBITDA accretion from day 1 even without synergies. SunPower Corporation (NasdaqGS:SPWR) completed the acquisition Blue Raven Solar, LLC and Albatross Software LLC from a group of investors on October 4, 2021.