Cornerstone had sales of $ 15 million in 2020. The company’s strong presence in the industry is expected to fuel a robust pipeline of potential acquisitions across the country
EL CAJON, CA / ACCESSWIRE / February 25, 2021 / Solar Integrated Roofing Corp. (OTC PINK: SIRC), a one-stop integrated solar and rooftop installer, today announced the completion of its previously announced acquisition of Cornerstone Construction, a leading provider of rooftop and solar solutions in South Carolina and adjacent markets.
The US Department of Energy’s Energy Information Administration is optimistic about alternative energies, particularly wind and solar, and the Biden government is pushing for the use of alternative energies to be expanded, with the trend expected to continue for years to come.
“We are pleased to announce the completion of the Cornerstone Construction acquisition. This marks an exciting turning point for Solar Integrated Roofing in its transition to a nationwide rooftop and solar solutions provider,” said David Massey, CEO of Solar Integrated Roofing Corporation. “Cornerstone’s 2020 revenue of $ 15 million was another benchmark for how we do business. Hunter Ballew, Cornerstone CEO, is a true industry leader who created a movement in the roofing and solar industries that counted tens of thousands of roofers and solar vendors helps I firmly believe that with his network and platform we can build a robust pipeline of potential acquisitions nationwide across the country by running retreats, a mastermind and an annual conference, RoofCON, every year.
“I would see this as a model acquisition and another example of how our roll-up model creates opportunities to cross-sell our roof and solar products to create synergies. As we continue to expand our national presence, we will continue to do so search.” exciting new acquisitions like this one. I look forward to further execution in the months ahead to create long-term value for our shareholders, “concluded Massey.
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About Cornerstone Construction
Cornerstone Construction, a licensed roofer, has served over thousands of customers across South Carolina and neighboring states with high quality residential, commercial and solar energy solutions since 2017. Roofing services include expert inspection, installation, repair and replacement services, as well as gutters, windows, siding and terraces. The company designs and installs traditional solar and solar shingles that can be seamlessly integrated into any new or existing roof system. For more information on Cornerstone Construction, please visit: https://cornerstoneconstruction.org.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC PINK: SIRC) is a one-stop, integrated solar and roof installation company specializing in commercial and residential real estate in the Southern California market. The company’s broad range of solutions includes the sale and installation of solar systems, battery backup and charging stations for electric vehicles (EV) for roofers, HVAC and related electrical installation work. For more information, please visit the company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements. As such a term is defined in the Private Security Litigation Reform Act of 1995, which addresses potential developments that have an impact on the business, prospects, financial condition and other aspects of the company to which this news release relates. Actual results on the specific items described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the best estimates of the company’s management as of the date of this publication, material differences in size, timing and other factors could result from business risks and uncertainties, including, without limitation, the company’s reliance on third parties. General market and economic conditions, technical factors, availability of debt capital, receipt of income, and other factors many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in forward-looking statements. This press release is not intended as a general solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Senior Vice President
MZ North America
SOURCE: Solar Integrated Roof Corp.
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