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."
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.
Date: Oct 27, 2017