Solar Integrated Roofing Announces Acquisition of Balance LLC to Build Unified Backoffice Capabilities
New acquisition with which Solar Integrated Roofing can efficiently scale and integrate acquisitions in order to achieve significant cost synergies through a uniform back office footprint
EL CAJON, CA / ACCESSWIRE / April 20, 2021 / Solar Integrated Roofing Corp. (OTC: SIRC), a one-stop integrated solar and rooftop installer, announced today that it has signed a binding term sheet to acquire Balance, LLC, a business process outsourcing (BPO) company.
Founded in 2015, Balance is a BPO company focused solely on helping contractors run their businesses as efficiently and effectively as possible. Balance is one of the most admired brands serving the contract industry in the United States. To date, Balance has service relationships with over 900 contractors across the country, providing industry-leading administrative, appraisal, supplement, back office, billing and project file management for over 30,000 jobs.
“Balance is a leader in helping contractors save time and money by allowing them to focus on the task at hand,” said David Massey, chairman of the board of directors of Solar Integrated Roofing Corporation. “Balance brings significant annual recurring revenue to its nationwide customer list. We will expand and accelerate these achievements by moving their experienced 33-strong team to manage the back office functions for all of our subsidiaries, adding significant value to the goes far beyond the immediately rising revenue. ” Electricity.
“Under the leadership of Troy Clymer, Balance is widely recognized as an industry thought leader and will be instrumental in shaping the market through its strategic alliances with leading industry brands and government agencies across all sectors. Balance was also instrumental in creating two industries Industry Leading Nonprofits: The Catalyst Group – a 501c6 nonprofit education company dedicated to bringing together contractors and vendors to move the industry forward; and The American Policy Holders Association – a 501c4 monitoring organization that promotes integrity, honesty and best practices in the real estate promotes claims adjustment sector of the insurance industry.
The story goes on
“We look forward to continuing to implement our robust acquisition strategy in the short term and using our newly unified back office functions through the planned acquisition of Balance to efficiently scale and realize important synergies that are necessary to achieve our goal of profitability at the corporate level are of critical importance in the short term.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated solar and rooftop installation company specializing in US commercial and residential real estate. The company’s wide range of solutions includes the sale and installation of solar systems, battery fuses and charging stations for electric vehicles (EV) for roofers, air conditioning 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 may result from business risks and uncertainties, including, without limitation, the company’s reliance on third parties, general market conditions and economic conditions, technical factors, availability of debt, 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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