Solar Integrated Roofing Corporation Enters Agreement to Acquire One of San Diego’s Most Prominent Roofing & Solar Companies, with Nearly $12 Million Annual Revenues
Solar Integrated Roofing Corporation (OTC PINK: SIRC) CEO David Massey announced the company has signed a Letter of Intent to acquire one of the oldest and most prominent roofing and solar companies in San Diego.
Solar Integrated Roofing Corporation (OTC PINK: SIRC) CEO David Massey announced the company has signed a Letter of Intent to acquire one of the oldest and most prominent roofing and solar companies in San Diego.
More Headlines
- SGX-Listed Mooreast Partners Norway's GeoProvider AS For Geotechnical Solutions for Floating Energy; Signs MoU with South Korea's KOCECO
- Geronimo Power Expands Portfolio in Wisconsin, Breaks Ground on 250-MW Portage Solar Project
- Ampt String Optimizers Enhance Solar + Storage System Powering AI Data Center Operations
- EcoFlow Unveils OCEAN Pro -- the Ultimate Whole-Home Energy System
- A Hundred Meters of Silence: How an Energy Storage Station Won Applause from a UK Community
"This acquisition brings with it a legacy in the industry that is unsurpassed in San Diego," said Massey. "We're extraordinarily proud that they have agreed to join us. The deal has two advantages for SIRC. Not only are we acquiring the business, but the owner of the company will be coming aboard as our new President. He is a person of the highest integrity and is recognized as a top talent in the industry. He is well experienced in not only solar and roofing, but also electrical and storage. He is one of the area's only Tesla Certified Battery wall installers. All parties involved are very enthusiastic over the enormous and limitless potential set before us!"
Massey also noted that the company being acquired is very profitable, with revenues approaching $12 million annually. Closing is expected to occur within the next month, upon completion of due diligence.
"I've said this before," added Massey, "but it's worth repeating. We're in the middle of a truly milestone period of growth for SIRC!"
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:
www.solarintegratedroofingcorp.com
Featured Product
OMCO Origin® Factory-Direct Trackers
A One-In-Portrait (1P) solution for a wide range of solar projects within utility scale, distributed generation (DG), and community solar markets manufactured and factory preassembled in the USA at OMCO Solar with full-scale support, and design for quick, easy and safe installation, and fewer trackers per MW. OMCO makes all structural components with domestic steel and this balanced design allows for more accurate targeting and reduced energy consumption. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.
