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Announced

Completed

Solar Integrated Roofing completed the acquisition of Cornerstone Construction.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Machinery: Construction

Acquisition

Single Bidder

Majority

Private

construction services

Completed

United States

Domestic

Synopsis

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Solar Integrated Roofing, an integrated, single-source solar power and roofing systems installation company, completed the acquisition of Cornerstone Construction, a provider of construction services. Financial terms were not disclosed. "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," David Massey, Solar Integrated Roofing CEO.

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