The national home-security company ADT Inc. has agreed to purchase Mandeville-based renewable-energy company Sunpro Solar for $825 million in cash and stock.
Sunpro designs, installs and maintains solar panel arrays on homes and businesses, and has rapidly expanded since it was founded in 2008.
Headquartered in Mandeville, the company now has 56 locations and 3,600 employees in 22 states, and with a local workforce of 500, making it one of the largest employers in St. Tammany Parish.
Sunpro co-founder and CEO Marc Jones says his management team will stay on with ADT to lead a new division focused on renewable energy.
Jones said the company’s headquarters is expected to remain in Mandeville
