Vivint Inc., the home security and solar-energy provider acquired last year by Blackstone Group LP, arranged $200 million in tax-equity funding to build residential power systems.
The funding will let the company target its 775,000 existing home-automation clients and new ones, Provo, Utah-based Vivint said in a statement today.
Vivint designs, installs and maintains solar systems in California, Hawaii, Maryland, Massachusetts, New Jersey, New York and Washington, D.C.
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