Months after declaring bankruptcy, iSun—parent to Waterbury-based SunCommon—has been acquired by a Texas private equity firm and is set to rebrand with a new name under new leadership. SunCommon operations and mangement are to remain unchanged, company officials said.

iSun, the Williston-based solar energy company, is seeking permission to sell off its assets after years of financial woes, according to federal bankruptcy court filings. iSun is the parent company of SunCommon, a solar panel installer that’s based in Waterbury.