Solar Integrated Hires CFO, Plans Acquisition
POWAY, Calif. — Solar Integrated Roofing Corp. announced plans to acquire another roofing company, and that it has hired a new CFO.
According to a press release, the company has signed a letter of intent to acquire “a well-established south Orange County roofing company with $3 million in revenues.” The company was not identified.
"We are continuing to expand our southern California footprint," said CEO David Massey. "This company has been in business for over 18 years and is a perfect fit for our model. They have an excellent reputation as much of their business comes from referrals. They do residential roofing as well as some commercial buildings and apartment complexes. Their client list is positioned well to add solar too."
Massey further stated two previously announced acquisitions are on track to close in January and that the company audits to become fully reporting will be completed very soon.
The company has hired a new CFO — Robert N. Jones — and the audits are his sole focus and they will be completed on schedule.
"I can't say enough about the hard work and diligence he has brought to the task," said Massey.
"With everything we do, we always place an emphasis on enhancing shareholder value," he added. "I know our shareholders are anxious to hear definitive news about our accomplishments and we are just as anxious to make those announcements. We'll be providing significant updates in the coming days."