Equal Earth announced that it has acquired Oahu-based Kolona, a leading provider of fluid applied roof coatings for solar PV and solar hot water systems. The acquisition supports Equal Earth's vertical integration strategy and further expands the firm's services and presence in Hawaii.
Equal Earth today announced that it has acquired Oahu-based Kolona Painting and General Construction, a leading provider of fluid applied roof coatings for solar photovoltaic and solar hot water systems, for an undisclosed amount. This latest acquisition supports Equal Earth's vertical integration strategy and further expands the firm's portfolio of services and expertise in photovoltaic and solar hot water projects.
The combined company will create cost savings and provide customers with the convenience of a wide range of renewable energy solutions and related services available under one roof. With an operating history spanning 22 years and a customer list that includes the US Army, the US Department of Education and various well-known private companies, the Kolona acquisition creates new synergies for the business.
"This acquisition is a natural fit for us and an important part of our vertical integration strategy," said Equal Earth Chairman, President and CEO, Andrew Duggan. "We are excited to welcome the talented Kolona team to Equal Earth," added Duggan.
"Equal Earth has the right team, the right mission and the right strategy," commented CEO Blake Kolona who joins Equal Earth as part of the transaction. "The combined company will create a stronger foundation for our customers going forward."
About Equal Earth
Based out of San Diego, Equal Earth is a diversified renewable energy company with a portfolio of assets providing customers lower-cost, environmentally conscious clean energy solutions. The company provides customers with renewable energy solutions that enable homeowners and businesses to significantly lower their monthly utility bills. By developing and financing projects powered by renewable energy sources, Equal Earth is helping to change how we power the world.
Based out of Waianae, Hawaii, Kolona is a premier provider of specialty fluid applied roof coatings for solar photovoltaic and solar hot water systems and general painting and construction solutions. Operating for 22 years, Kolona has completed a wide range of large-scale commercial, residential and government projects. The company holds an extensive list of government-issued licenses and technical, safety and manufacturer certifications to ensure the highest standards of quality assurance including meeting KPGC QP1, QP9, NACE, SSPC certifications.