Concord’s NextEnergy to be acquired by LoneStar Capital

July 23, 2008

NextEnergy of Concord is scheduled to be purchased by LoneStar Capital of Texas for $3.6 MM. NextEnergy has installed solar power systems throughout the state of California, its main focus is the Northern California territory. Residential installations account for 90% of NextEnergy’s revenues with small business installations accounting for the remainder. Mr. Randy Kauffman is currently the President and majority shareholder of NextEnergy.