Solar Stock Breaking News: Solar Integrated Roofing Corporation (OTC: $SIRC) Signs Definitive Agreement to Acquire 40 Year-Old San Diego Roofing Company with $5 Million In Revenues
POWAY, CA - August 27, 2019 (Investorideas.com Newswire and RenewableEnergyStocks.com) Solar Integrated Roofing Corporation (OTC PINK: SIRC) today announced that the company has signed a definitive agreement to acquire one of the most established roofing companies in San Diego.
David Massey, CEO of Integrated Solar, commented, "This acquisition will provide a strong foundation to our strategy to "roll-up" solar/roofing companies in the Southern California market. In addition to the $5 million per year revenue stream, the company has a valuable database of present and past clients to whom we can cross-market our solar solutions.
Massey went on to say, "the demand for electrical usage in Southern Cal has put a huge stress on the electrical grid. We are providing a solution to those electrical needs to our customers through our affordable solar solutions." Finally, Massey estimates that, "by cross-selling our solar solutions to the newly announced acquisitions, SIRC will see a revenue increase of 15%-20% per quarter. Our previously announced LOI's are still scheduled to close in September."
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
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