ADT Inc. (NYSE: ADT) Pays $825 Million For Privately-Held Solar Installer, Sun-pro Solar, Representing 10 Times Its Future EBITDA Earnings As ADT Bundles Brand, Home Security And Solar; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces It Has Reached A $42 Million Equity Purchase Agreement With Arbiter Capital

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In a transaction that gives some insight into how the financial community sees the solar industry, home security firm ADT Inc. (NYSE: ADT) agreed to pay $825 million for privately-held Sunpro Solar. The amount is ten times Sunpro’s future estimated EBITDA  earnings for the next 12 months. ADT sees solar as a fragmented and un-branded industry. ADT is a name brand to homeowners as its products are already in six million American homes. ADT stock closed last evening at $8.84 in after-hours trading, off 0.56% As it grows, Solar Integrated Roofing Corp. (OTC PINK: SIRC), a specialist in solar and roofing, has received an equity financial stock sale of $42 million from investment bank Arbiter Capital.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), Ego (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

ADT Inc. (NYSE: ADT) Pays $825 Million For Privately-Held Solar Installer, Sunpro Solar, Representing 10 Times Its Future EBITDA Earnings As ADT Bundles  Brand, Home Security And Solar; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces It Has Reached A $42 Million Equity Purchase Agreement With Arbiter Capital

ADT (NYSE: ADT) noted that Sunpro Solar has reported positive EBITDA for the past four years. Jim DeVries, CEO of ADT, told The Wall Street Journal, “We like the financials and we think, from a customer-service perspective, they have the same DNA we have at ADT.” A new unit of the company will be called  ‘ADT Solar.”

The Sunpro management team is expected to stay on at the ‘ADT Solar’ unit after the acquisition is completed. With a brand name already familiar with homeowners, ADT (NYSE: ADT) believes its name will be a benefit enabling bundling of sales when sales people from a known and  trusted supplier visit potential consumer clients.

The $825 million deal consists of $160 million in cash and 77.8 million shares of ADT stock. ADT Inc. (NYSE: ADT) Pays $825 Million For Privately-Held Solar Installer, Sunpro Solar, Representing 10 Times Its Future EBITDA Earnings As It Marries Brand, Home Security And Solar; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces It Has Reached A $42 Million Equity Purchase Agreement With Arbiter Capital.

Analysts interpret the move as an established firm in another industry eyeing an upward move in solar. They see solar as a fragmented business in need of a proven brand name. Enter ADT.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) believes it is becoming a brand in solar and other related alternative energy systems. This including roofing, and eV Charging Stations for electric cars as well as solar rechargeable batteries.

As it grows its footprint to some 40 states nationwide, SIRC is expanding its footprint, acquiring more related companies and growing its own volume from within. It is also seeking an up list to a larger, higher profile trading entity with its eyes on an eventual listing on the NASDAQ.

Now the financial community has taken notice and it likes what it sees. Arbiter Capital LLC  made the equity purchase agreement for $42 million of non-voting restricted Series B Preferred Shares. It paid 47 a share. In addition Arbiter has offered SIRC a credit line of some $25 million to use for future acquisitions.

The transaction reflected the confidence in SIRC by Arbiter Capital and its infusion of new capital gives SIRC greater ability to grow. ADT Inc. (NYSE: ADT) Pays $825 Million For Privately-Held Solar Installer, Sunpro Solar, Representing 10 Times Its Future EBITDA Earnings As ADT Bundles Brand, Home Security And Solar; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces It Has Reached A $42 Million Equity Purchase Agreement With Arbiter Capital.

David Massey, chairman and CEO of SIRC, said, “The Arbiter Capital commitment gives us the flexibility to invest in our current business, buy back shares and pursue strategies that prioritize growth and other key marketing initiatives.

“The terms of the Agreement provide a low-cost option with no restrictive covenants or warrants. In addition, we have gained an institutional investor that has made a commitment in support of our Company, as evidenced by their investment at a premium to market, as we continue to make progress in the business and build long-term shareholder value,” he said.

SIRC announced earlier that it had completed its audit and is now preparing to file a near-term application for an up list to the OTCQB® Venture Market. The completed PCAOB audit was for SIRC’s financial statements for its fiscal years ended February 28, 2021 and February 29, 2020. It plans to refile Form 10 with the SEC.

He added, “In the meantime, our near-term anticipated up list to the OTCQB Venture Market will help us to improve visibility and liquidity of our shares within the capital markets. This is a critical next-step as we march towards our end-goal of a Nasdaq up listing. We believe our transformation into a national brand and the corresponding rapid sales growth have combined to create a well-positioned company that can provide sustainable value to a new tier of institutional investors over the long-term.”

ADT Inc. (NYSE: ADT) Pays $825 Million For Privately-Held Solar Installer, Sunpro Solar, Representing 10 Times Its Future EBITDA Earnings As ADT Bundles  Brand, Home Security And Solar; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Announces It Has Reached A $42 Million Equity Purchase Agreement With Arbiter Capital

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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