Equal Earth announced that it has acquired Oahu-based FOPCO, a leading construction and environmental services company for an undisclosed amount. This latest acquisition supports Equal Earth's growth strategy, strengthens the company's management team and deepens the firm's public sector expertise.
SAN DIEGO, December 18, 2014 – Equal Earth today announced that it has acquired Oahu-based FOPCO, Inc., a leading construction and specialty environmental services company for an undisclosed amount. This latest acquisition supports Equal Earth's growth strategy, strengthens the company's management team and deepens the firm's public sector expertise. FOPCO brings 25 years as a licensed general engineering, building, plumbing, electrical and solar energy systems contractor and has worked extensively throughout the State of Hawaii and Pacific Basin.
With an established customer list that includes many large government organizations such as the US Army and US Navy, the FOPCO acquisition creates new synergies for the combined business. FOPCO has relationships with many federal government entities and as well as local authorities such as the City of Honolulu and Counties of Maui, Big Island and Kauai.
The transaction will provide customers with access to a comprehensive portfolio of construction and design and specialty environmental services. Services available to customers under one roof will encompass building design and construction, electrical and mechanical, high-efficiency power systems, LED lighting and solar photovoltaic systems.
"FOPCO's management team is truly exceptional and their reputation speaks for itself with the many industry accolades the company has amassed over the years," stated Andrew Duggan. "Our customers will benefit from the expertise and operational excellence that FOPCO brings to the team," added Duggan.
"Combining forces with Equal Earth is a natural fit for us and an exciting new chapter," commented CEO Dennis McElarth who joins Equal Earth as part of the transaction. "The partnership makes sense for our customers and will allow us to further scale the business 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. For more information, visit www.equalearthcorp.com.
About FOPCO, Inc.
Based out of Kapolei, Hawaii, FOPCO, Inc., is a leading construction, electrical and environmental services company. Founded in 1986, FOPCO has completed a wide range of large-scale commercial and government projects and received numerous industry awards for operational excellence. The company holds an extensive list of government-issued licenses and technical, safety and manufacturer certifications to ensure the highest standards of quality assurance. For more information, visit http://www.fopco.net.