Business
SinglePoint Inc. Announces Acquisition of Premium Solar EPC The Boston Solar Company, LLC with Projected $25 Million in 2022 Revenue
SinglePoint Inc. Announces Acquisition of Premium Solar EPC The Boston Solar Company, LLC with Projected $25 Million in 2022 Revenue.
About this update from Singlepoint, Inc.
[{"type":"text","content":"SinglePoint Inc. Announces Acquisition of Premium Solar EPC The Boston Solar Company, LLC with Projected $25 Million in 2022 Revenue Boston Solar provides comprehensive solar energy services in New England and a Proud Partner of the Boston Red Sox Company generated ~$16m in 2020, ~$17.7m in 2021 and projected to generate at least $25m in 2022 revenue Transaction is first of multiple planned Full Service Solar EPC Company Acquisitions PHOENIX, April 26, 2022 - SinglePoint, Inc. (OTCQB:SING) (“SinglePoint'' or “the Company''), a renewable energy and sustainable solutions provider, is pleased to announce the closing of The Boston Solar Company, LLC (“Boston Solar”) acquisition. Boston Solar is a leading solar installer based in Massachusetts, booking $17.7m in revenue for FY2021. It is estimating revenues of at least $25m in 2022, with more than $16m already contracted and in the installation pipeline. Boston Solar is the first of multiple acquisitions the company intends to close this year. Closing this acquisition starts the timeline for SinglePoint to start its up-listing application process to achieve the goal of a NASDAQ listing in 2022. “Boston Solar has been serving the New England market, primarily in Massachusetts, since 2011 and we are proud to have been selected by the Boston Red Sox to install a solar system at the new MGM Music Hall at Fenway. We pride ourselves on exceptional customer service and we plan to continue our operations in that manner as we expand our offerings, with the support of SinglePoint,” said Mr. Mello Guimaraes, CEO of Boston Solar.This acquisition by SinglePoint strategically aligns with the growth plan we had in mind for Boston Solar. We spent the last several months ensuring we had synergy with the overall mission and vision of SinglePoint. Our shared values and corporate culture will drive exponential growth and expansion. Through Boston Solar and our strong foothold in Massachusetts, we have multiple accretive acquisitions identified that we will be pursuing,” concluded Mello Guimaraes.SinglePoint plans to continue expanding its operational footprint as it acquires additional full service solar EPC (Engineering, Procurement & Construction) companies throughout the nation. The Company is targeting established solar companies in specific markets th...