Deals

Vivint Aims for Sustainable Growth, Not Growth at All Costs

  • Blackstone-backed company canceled deal with SunEdison
  • Installer focused on being ‘best and the most disciplined’
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Vivint Solar Inc., the Blackstone Group LP-backed residential solar company, is focusing on sustainable growth, not growth at all costs, as it navigates beyond its failed acquisition by clean-energy giant SunEdison Inc.

Vivint will look to expand in some geographic markets and slow down in less profitable ones, according to David Bywater, the company’s interim chief executive officer. While he declined to comment on the SunEdison deal in a Monday interview, he described Vivint as “a good company coming out underneath the SunEdison dark clouds.”