Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Binding Term Sheet To Acquire Balance LLC To Unify Back Office Capabilities For Its Subsidiaries And Efficiently Scale And Integrate Acquisitions As It Seeks Synergies To Achieve Firm Level Profitability In Short Term
Solar Integrated Roofing Corp. (OTC PINK: SIRC) today (April 20, 2021) announces it has signed a binding term sheet to acquire Balance, LLC, which provides back room critical services such as estimating, billing and other administration functions. SIRC is eyeing corporate profitability as it efficiently scales and achieves important synergies for all of its subsidiaries, and new acquisitions, as it leverages its newly unified back room capabilities to reach its goal of firm-level profitability in the short term. David Massey, CEO of SIRC, said the acquisition of Balance LLC would be immediately accretive to its revenue stream.
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), 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).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Binding Term Sheet To Acquire Balance LLC To Unify Back Office Capabilities For Its Subsidiaries And Efficiently Scale And Integrate Acquisitions As It Seeks Synergies To Achieve Firm Level Profitability In Short Term
Balance, LLC is a Business Process Outsourcing (BPO) firm led by Troy Clymer. As SIRC continues its fast-growth by acquisition strategy, Balance, LLC would manage efficiently the back room process of administration, billing, estimating, supplementing, file office management and other tasks. Balance has relationships with more than 900 contractors nationwide and provides back office functions for more than 30,000 jobs, the company said. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Binding Term Sheet To Acquire Balance LLC To Unify Back Office Capabilities For Its Subsidiaries And Efficiently Scale And Integrate Acquisitions As It Seeks Synergies To Achieve Firm Level Profitability In Short Term.
SIRC’s Goal Is Firm-Level Profitability In The Short-Term
David Massey, CEO of SIRC, said, “Balance is a market leader in helping contractors save time and money by allowing them to focus on the job at hand. 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 function for all our subsidiaries, adding significant value far beyond the immediately accretive revenue stream.
“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.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Binding Term Sheet To Acquire Balance LLC To Unify Back Office Capabilities For Its Subsidiaries And Efficiently Scale And Integrate Acquisitions As It Seeks Synergies To Achieve Firm Level Profitability In Short Term.
Massey added, “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 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 report loss adjustment sector of the insurance industry.”
Fast Growing SIRC Needs Back Room Efficiency And Unification From Balance LLC
Solar Integrated Roofing Corp. (OTC PINK: SIRC) has been on an acquisition spree in several green clean energy sectors such as roofing, solar and EV Charging Stations. Acquired companies include multi-state operations roofing/solar solutions provider Cornerstone Construction, Enerev, LLC, Pacific Lighting Management or PLEMco., and has also entered new sectors for all-electric tractors and new home roofing/solar with several San Diego, Calif., new home builders.
To manage all of these subsidiaries, Balance LLC is seen playing an important back room unifying role and will serve as an immediately accretive revenue stream, said David Massey, CEO of SIRC. He also said that the company would continue its robust acquisition strategy for growth. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Binding Term Sheet To Acquire Balance LLC To Unify Back Office Capabilities For Its Subsidiaries And Efficiently Scale And Integrate Acquisitions As It Seeks Synergies To Achieve Firm Level Profitability In Short Term.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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