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PetersenDean acquires solar and battery installer Haleakala Solar

CTBR Staff Writer Published 09 March 2018

US solar and roofing company PetersenDean Roofing & Solar has acquired Hawaii-based solar and battery installer Haleakala Solar for an undisclosed price.

Established in 1977, Haleakala Solar has been in the business of installing photovoltaic (PV) solar and water heating systems and also battery storage solutions. The company is said to have completed more than 15,000 projects.

Currently operating on three islands in Hawaii, the company looks to expand into a fourth island in the course of this year.

PetersenDean expects Haleakala Solar to grow its sales to nearly $100m over the next two years and add close to 1,000 new jobs.

PetersenDean Roofing & Solar CEO and president Jim Petersen said: “PetersenDean is a perfect fit for Hawaii given our size and product offerings, in addition, we have the finance options to truly help the island community to install a new roof, solar or a home battery at very low monthly payments.

“We look forward to growing our business in Hawaii and adding more American jobs in doing so.”

According to PetersenDean, Haleakala Solar intends to add roofing installations in the first quarter of the transition.

Haleakala Solar founder Jim Whitcomb said: “In 40 years, Haleakala has grown into the largest residential PV installer in Hawaii so it would only make sense to go straight to the largest rooftop PV installer in the United States when the time came to hand over the reins.

“We share a commitment to excellence and PetersenDean’s size, organization, and impeccable reputation will take the company to a new level.”

Last month PetersenDean announced a partnership with SolarEdge and LG Chem. Through the collaboration, PetersenDean said that it will pair the StorEdge systems with 9.8KWh LG Chem batteries to offer homeowners an affordable path to ownership of solar power and energy storage.