Middleburg Capital Development Invests in Inovateus Solar

Inovateus Solar LLC, a privately held midwest solar project developer, has announced a significant investment by private equity firm Middleburg Capital Development. 

MCD’s ownership investment will enable Inovateus to expand its solar development operations beyond the midwest and to provide customers with expanded services and project financing opportunities. 

As part of the agreement, MCD’s CEO Timothy F. Sutherland has been appointed as Inovateus’ board chairman. Inovateus co-founder T.J. Kanczuzewski will remain CEO.

MCD is a Loudoun-based private equity firm founded in 2012 with assets under management in technologies, data sectors, manufacturing, and distribution. Before MCD, Sutherland founded and served as CEO and chairman of Pace Global Energy Services, a global energy consulting and management firm acquired by Siemens Industries in 2011. 

Inovateus has led the installation and financing of more than 453 MW of utility, commercial, educational, and municipal solar projects.

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