#Renewable #Energy #Stock Solar Integrated Roofing (OTC: $SIRC) Reports
Acquisition of Balance LLC to Efficiently Scale and Integrate
Acquisitions; @SIRCStock
EL CAJON, CA – April 21, 2021 -
Solar/EV 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, announced today that it
has signed a binding term sheet to acquire Balance,
LLC, a Business
Process Outsourcing (BPO) firm.
Read this news, featuring SIRC in full
at https://www.investorideas.com/news/2021/renewable-energy/04211Solar-Integrated-Roofing-Acquisition.asp
Founded in 2015,
Balance is a BPO firm focused exclusively on assisting contractors to manage
their businesses as efficiently and effectively as possible. Recognized as
“America’s Services Company for Contractors”, Balance is one of the most
admired brands servicing the contracting industry in the US. To date, Balance
has service relationships with over 900 contractors across the nation providing
industry leading administrative, estimating, supplementing, back office,
billing, and project file management for over 30,000 jobs.
“Balance
is a market leader in helping contractors save time and money by allowing them
to focus on the job at hand,” said David Massey, Chief Executive Officer of
Solar Integrated Roofing Corporation. “Balance brings significant annual
recurring revenue with its nationwide client list. We will expand and
accelerate those achievements by transitioning their seasoned, 33-person team
to manage the back-office functions for all our subsidiaries, adding
significant value far beyond the immediately accretive revenue stream.
“Led
by Troy Clymer, Balance is widely recognized as an industry thought leader and
will be critical in shaping the marketplace given their strategic alliances
with tier-1 industry brands and government agencies spanning all sectors.
Balance has also been instrumental in the founding of two industry leading
nonprofit organizations. The Catalyst Group – a 501c6 nonprofit educational
corporation dedicated to bringing contractors and vendors together to advance
the industry, and The American Policy Holders Association – a 501c4 watchdog
organization that promotes integrity, honesty, and best practices in the
property loss adjustment sector of the insurance industry.
“We
look forward to continued near-term execution upon our robust acquisition
strategy, leveraging our newly unified back office capabilities through the
planned acquisition of Balance, enabling us to efficiently scale and realize
important synergies critical to reaching our goal of firm-level profitability
in the short-term.
About Solar
Integrated Roofing Corp.
Solar Integrated
Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and
roofing systems installation platform company specializing in commercial and
residential properties throughout the United States. 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
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