This article was posted on the ChosunBiz MoneyMove (MM) site at 3:27 p.m. on Dec. 29, 2025.
G2POWER, an energy solution corporation regarded as a beneficiary of solar power, has been put up for sale in the mergers and acquisitions (M&A) market.
On the 29th, according to the investment banking (IB) industry, 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 hired as the sell-side adviser.
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 a professor in the electrical engineering department at Daelim University. 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 IT solutions that monitor power supply conditions, and it also has businesses manufacturing and installing energy storage systems (ESS) and solar power generation systems. It was listed on the KOSDAQ in 2022.
SU&Financial Investment is said to have highly valued G2POWER's steady post-listing top-line growth and the potential for global business expansion to markets such as the United States.
G2POWER has actually pursued a shift to a distributed energy solutions corporation and achieved top-line expansion. Consolidated sales were 49.4 billion won in 2023 and 55.4 billion won last year, and sales through the third quarter of this year totaled 39.8 billion won.
It also established a beachhead for entering the U.S. market. Last year it reportedly signed a memorandum of understanding (MOU) with U.S. FiveStone Energy Group for business cooperation centered on supplying products such as solar power generation systems to the U.S. market.
The United States is seen as having rapidly increasing demand for power equipment and smart grid–related items due to data center expansion and increased investment in renewable energy such as solar power, while supply is considered 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 expected to be applied.
An IB industry official said, "I understand G2POWER is about to sign an MOU with SU&Financial Investment," adding, "After due diligence, a stock purchase agreement (SPA) could be signed as early as the beginning of next year."
Meanwhile, G2POWER said, "It is true that we pushed for a sale, but we have currently decided to withdraw the (sale of the controlling equity)."