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Posted On: 02/24/2021 9:09:58 AM
Post# of 107319
SIRC
Solar Integrated Roofing Corp. Expands Nationwide with Binding LOI to Acquire Cornerstone Construction, a Leading Southeast Roofing and Solar Solutions Provider
5:30 am ET February 18, 2021 (Accesswire) Print
Company Expands Nationwide with Binding LOI to Acquire Prominent South Carolina Roofing and Solar Installer
EL CAJON, CA / ACCESSWIRE / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the Company has signed a binding letter of intent (LOI) for the acquisition of Cornerstone Construction, a leading provider of roofing and solar solutions in South Carolina.
Cornerstone Construction, a licensed roofing contractor, has served thousands of clients and gained hundreds of 5 Star Reviews throughout the southeastern United States since 2017 with quality solutions for residential and commercial roofing and solar projects. Roofing services include expert inspection, installation, repair, and replacement services as well as gutters, windows, siding and decking. The company designs and installs traditional solar and solar shingle arrays that integrate seamlessly into new and existing roofing systems.
"This represents the first step in our company's transition into a nationwide roofing and solar solutions provider," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. "Throughout 2020, Cornerstone moved strategically into new markets including Charlotte, NC; Charleston, SC; Little Rock, AR; Tulsa, OK; and Foley, AL. The company completed over 1,000 installs of roofing and solar in 2020, generating over $15 million in sales with robust projected growth.
"Cornerstone is a well-known industry thought leader as its Founder, Hunter Ballew, created a movement in the roofing and solar industry that helps tens of thousands of roofers & solar providers across the country every year through retreats, a mastermind and an annual conference, RoofCON. Hunter and the Cornerstone team have been featured on dozens of shows, podcasts and speaking engagements including Forbes, Entrepreneur.com, TODAY, Business Insider and many more. This is an exciting presence that we believe will help grow our acquisition pipeline nationally, helping to create value for our shareholders," concluded Massey.
Solar Integrated Roofing Corp. Expands Nationwide with Binding LOI to Acquire Cornerstone Construction, a Leading Southeast Roofing and Solar Solutions Provider
5:30 am ET February 18, 2021 (Accesswire) Print
Company Expands Nationwide with Binding LOI to Acquire Prominent South Carolina Roofing and Solar Installer
EL CAJON, CA / ACCESSWIRE / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the Company has signed a binding letter of intent (LOI) for the acquisition of Cornerstone Construction, a leading provider of roofing and solar solutions in South Carolina.
Cornerstone Construction, a licensed roofing contractor, has served thousands of clients and gained hundreds of 5 Star Reviews throughout the southeastern United States since 2017 with quality solutions for residential and commercial roofing and solar projects. Roofing services include expert inspection, installation, repair, and replacement services as well as gutters, windows, siding and decking. The company designs and installs traditional solar and solar shingle arrays that integrate seamlessly into new and existing roofing systems.
"This represents the first step in our company's transition into a nationwide roofing and solar solutions provider," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. "Throughout 2020, Cornerstone moved strategically into new markets including Charlotte, NC; Charleston, SC; Little Rock, AR; Tulsa, OK; and Foley, AL. The company completed over 1,000 installs of roofing and solar in 2020, generating over $15 million in sales with robust projected growth.
"Cornerstone is a well-known industry thought leader as its Founder, Hunter Ballew, created a movement in the roofing and solar industry that helps tens of thousands of roofers & solar providers across the country every year through retreats, a mastermind and an annual conference, RoofCON. Hunter and the Cornerstone team have been featured on dozens of shows, podcasts and speaking engagements including Forbes, Entrepreneur.com, TODAY, Business Insider and many more. This is an exciting presence that we believe will help grow our acquisition pipeline nationally, helping to create value for our shareholders," concluded Massey.
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