Turnkey Capital acquiring Southeast installer Affordable Solar

Turnkey Capital has signed a letter of intent to acquire Affordable Solar Solutions, a solar PV design and installation firm currently servicing the southeastern United States.

“The U.S., especially the Southeast, is leading the way in the development and adoption of clean, renewable energy. As the solar industry grows, jobs are created, and people are saving money. We are excited by the Turnkey Capital opportunity as management recognizes the market potential and fully understands the positive environmental and economic impact,” said Christopher Barnhardt, president of Affordable Solar.

Affordable Solar was founded to address the way that society thinks about and uses energy, the company stated in a press release. Affordable Solar has built a turnkey solar business that provides residential and commercial clients with a mechanism to reduce carbon footprint while simultaneously cutting monthly electrical expenses. The company works with clients to design, install and maintain solar systems that are custom to their needs.

“We are pleased to take the next step forward with Affordable Solar Solutions,” said Alan A. Tucker, president of Turnkey Capital. “Solar is the fastest-growing energy source in the world. No one disputes the need for renewable energy. By adding Affordable Solar to our portfolio of companies, it not only accelerates our revenue growth in one of the fastest-growing markets worldwide but also provides an ability to cross-market between our other investments and expand our market reach.”

The company has agreed to acquire Affordable Solar Solutions in an all-stock transaction. Definitive agreements are in process and the Company expects to close the acquisition in the next thirty days.

News item from Turnkey Capital

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Original Source: https://www.solarpowerworldonline.com/2020/10/turnkey-capital-acquiring-southeast-installer-affordable-solar/