On September 17, 2019, Solar Integrated Roofing Corporation (OTCPINK: SIRC) announced that the company has completed the acquisition of The Montross Companies, one of the most established and respected roofing companies in San Diego.
David Massey, CEO of Solar Integrated, commented, “Montross is a fourth-generation company which will add more than $3 million in revenues to our top line annually. Montross was the first contractor for the California Apartment Association to win both the “Individual” and “Company of the Year” distinction at the prestigious GEMM Awards. They were also listed in the Top 100 roofing companies in the entire United States.”
Massey commented further, “This deal, along with the previously completed McKay acquisition, will triple our revenues for 2020. In addition, each acquisition brings with them a valuable database of thousands of existing and previous customers which SIRC plans to cross-market its solar solutions to. We feel honored that Montross has decided to become part of SIRC and, importantly, helping us increase shareholder value.”
Disclosure: I am long SIRC stock.