Solar Integrated Roofing Corporation Signs LOI for Major Acquisition

General News - Oct 27, 2017

Solar Integrated Roofing Corporation announced they have signed a Letter of Intent for a major acquisition.

"We're extremely excited about this," said CEO Dave Massey. "It's a 12-year old company, focused on residential and commercial solar and HVAC. They have a client database of more than 6,500. Their annual revenues over the last three years have averaged $3.5 to $4 million. They expect revenues to approach or exceed $10 million in 2018."

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Management of the company being acquired brings a wealth of experience and accomplishment, having previously been with one of the largest solar installers in California as Director of Sales; being instrumental in driving that company's annual revenues from $25 million to $60 million. They plan to help Solar Integrated Roofing Corporation expand their HVAC and electrical divisions to further boost sales opportunities.

Source : Solar Integrated Roofing Corp.

Published on Global Energy World: Oct 27, 2017


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