This article was posted on the ChosunBiz MoneyMove (MM) site at 3:27 p.m. on Dec. 29, 2025.
G2POWER, an energy solutions corporation regarded as a beneficiary of solar power, has been put up for sale in the mergers and acquisitions (M&A) market.
According to the investment banking (IB) industry on the 29th, G2POWER recently decided to sell its controlling equity stake and has begun formal sale procedures such as selecting a preferred bidder. Accounting firm Samjong KPMG was appointed as the sell-side advisor.
The sale target is about 30% of the controlling equity held by Chairman Kim Young-il, the founder and representative of G2POWER, and related parties, and domestic private equity firm SU&Financial Investment was selected as the preferred bidder.
G2POWER was founded in 2010 by Chairman Kim, who worked as an electrical engineering professor at Daelim College. It started by providing technical consulting to small and medium-sized manufacturers of power supply equipment such as distribution boards and sub-distribution boards and expanded into direct production.
Its main business is producing distribution boards equipped with power supply status monitoring information technology (IT) solutions, and it also has energy storage system (ESS) and solar power system manufacturing and installation businesses. It was listed on the KOSDAQ in 2022.
SU&Financial Investment is said to have highly rated G2POWER's steady post-listing top-line growth and the potential for global business expansion to markets such as the United States.
In fact, G2POWER recently pushed to transform into a distributed energy solutions corporation and achieved top-line expansion. Consolidated revenue was 49.4 billion won in 2023 and 55.4 billion won last year, and revenue through the third quarter of this year was 39.8 billion won.
It also secured a foothold for U.S. expansion. It is reported to have signed a memorandum of understanding (MOU) with U.S. FiveStone Energy Group at the end of last year for business cooperation centered on supplying products such as solar power systems to the U.S. market.
The United States is seeing rapidly growing demand related to power equipment and smart grids due to data center expansion and increased investment in renewable energy such as solar power, but supply is evaluated to be limited.
The sale price is estimated to be in the mid-50 billion won range. Based on G2POWER's market capitalization of about 150 billion won, a 30% stake is worth 45 billion won, and a roughly 20% control premium is said to be applied.
A source in the IB industry said, "G2POWER is understood to be about to sign an MOU with SU&Financial Investment," adding, "After due diligence, a stock purchase agreement (SPA) could be signed as early as next year's beginning."