Acquisition Reinforces Unirac’s “Better Solar Starts Here” Program
ALBUQUERQUE, N.M., July 7, 2020 – – Unirac, North America’s leading manufacturer of solar photovoltaic mounting systems, has successfully completed the acquisition of Ecolibrium Solar, a prominent solar racking manufacturer headquartered in Athens, Ohio. The acquisition represents a significant expansion of Unirac’s product portfolio, adding Ecolibrium’s commercial flat roof, residential rail-less and metal roof products to its product line, already recognized as a leader in the industry.
Ecolibrium’s suite of products includes Ecofoot, a polymer-based solution for flat roofs that integrates with Unirac’s recently launched FlashLoc RM attachment, as well as EcoX, a pioneering rail-less product line for residential customers. EcoX is a complement to Unirac’s market-leading SFM Infinity line, offering different features and a metal roof solution in its MetalX version.
“We are excited about the Ecolibrium team and the products they have brought to the market. They share our passion for customer success and have a strong focus on distribution,” said Peter Lorenz, Unirac CEO. “Better solar starts with great partnerships. The increased scale in production, engineering services, and field support allows us to help customers reduce costs and grow their solar business, especially on commercial projects.”
Unirac’s plan is to integrate Ecolibrium’s team and products over the next few months. “As we worked together to develop this partnership, the great fit between our teams became clear,” said Sam Veague, former CEO at Ecolibrium. “With a similar focus on customer experience, quality, and product development, the strength of our combined team enhances our ability to provide our customers with exceptional products and services.”
Tenex acquired Unirac in 2016 as a platform company with the goal to add on other solar companies. “Executing this strategic acquisition during the peak of the current pandemic speaks to our confidence in Unirac’s leadership and strong financial position.” said J.P. Bretl, Managing Director of Tenex Capital Management.
For further details on the acquisition, and to follow future product and service announcements, visit www.unirac.com.
A pioneer in solar racking, Unirac has been North America’s leading manufacturer of solar PV mounting systems for 20 years. The premier U.S. solar racking manufacturer with products that outlive their warranties, Unirac has more than 5GW of experience and 750,000 installations that back up their responsive customer service and supply-chain excellence. Unirac is launching the solar industry’s first racking certification program for installers with three tiers available to selected partners. Learn more at www.unirac.com.
About Ecolibrium Solar®
Ecolibrium Solar is a manufacturer of complete solar racking solutions for commercial and residential rooftops, with more than 1 gigawatt installed across the United States, Canada, and Latin America. The company established itself as a market leader with its simple, cost-effective, and installer-friendly products that maximize solar installation efficiency and minimize costs. Ecolibrium Solar has provided proven solutions backed by industry certifications and validated by third parties. Learn more at www.ecolibriumsolar.com.
About Tenex Capital Management
Tenex Capital Management is a private equity firm that invests in lower and middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, automotive aftermarket, and health and business services. For additional information, please visit www.tenexcm.com.
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