#ESG #Stocks News: #Solar
Integrated Roofing (OTC: $SIRC) Completes Transition to National Brand,
Announces Closing of Previously Announced Acquisition of Cornerstone
Construction; @SIRCStock
EL CAJON, CA -
February 26, 2021 – Breaking Solar stock
news from Investorideas.com Newswire and RenewableEnergyStocks.com
- Solar Integrated
Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems
installation company, today announced the closing of its previously announced
acquisition of Cornerstone Construction, a leading provider of roofing and solar
solutions in South Carolina and adjacent markets.
Read this news, featuring SIRC in full at
https://www.investorideas.com/news/2021/renewable-energy/02261SIRC-Closing-Acquisition-Cornerstone-Construction.asp
The U.S. Energy
Department’s Energy Information Administration is bullish on alternative
energies, in particular wind and solar and with the Biden administration’s push
for the expansion of alternative energy use, with the trend anticipated to
continue for years to come.
“We are pleased
to announce the closing of the acquisition of Cornerstone Construction, marking
an exciting turning point for Solar Integrated Roofing as we transition into a
nationwide provider of roofing and solar solutions,” said David Massey, Chief
Executive Officer of Solar Integrated Roofing Corporation. “Cornerstone
generated $15 million in sales in 2020, providing another level of scale to our
operations. Cornerstone CEO Hunter Ballew is a true industry thought leader,
having 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. I strongly
believe that with his network and our platform, we can build a robust pipeline
of potential acquisitions nationwide.
“I would consider
this to be a model acquisition and yet another example of how our roll-up model
creates opportunities to deliver synergies by cross selling across our roofing
and solar products. As we continue to grow our presence nationally, we will
continuously seek out exciting new acquisitions such as this. I look forward to
continued execution in the months ahead, helping to create long-term value for
our shareholders,” concluded Massey.
About Cornerstone Construction
Cornerstone
Construction, a licensed roofing contractor, has served over thousands clients
throughout South Carolina and neighboring states since 2017 with quality
solutions for residential and commercial roofing and solar. 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 shingles that integrate seamlessly into any new or
existing roofing system. For more information on Cornerstone Construction
please visit: https://cornerstoneconstruction.org.
About Solar Integrated Roofing Corp.
Solar Integrated
Roofing Corporation (OTC:SIRC), is an integrated, single-source solar power and
roofing systems installation company specializing in commercial and residential
properties in the Southern California market. The Company's broad array of
solutions include sales and installation of solar energy systems, battery
backup and electric vehicle (EV) charging stations to roofing, HVAC and related
electrical contracting work. For more information, please visit the Company's
website at www.solarintegratedroofing.com.
Forward-Looking Statements
Any statements
made in this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private Security
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company's operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company's dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update the information
contained in any forward-looking statement. This press release shall not be
deemed a general solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Senior Vice President
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us
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