PetersenDean Roofing & Solar acquires Haleakala Solar

PetersenDean Roofing & Solar, a privately held solar and roofing company, has acquired Hawaii-based solar and battery installer Haleakala Solar for undisclosed amount.

Set up in 1977, Haleakala Solar has been providing photovoltaic (PV) solar and water heating systems as well as battery storage solutions for over four decades and has so far completed more than 15,000 projects.

It plans to add roofing installations in the first quarter of the transition.

Haleakala operates on three of the Hawaiian Islands and plans to expand into the fourth this year.

The new acquisition is expected to add around 1,000 new jobs and expand to around $100m in sales over the next two years.

Haleakala Solar found Jim Whitcomb approached PetersenDean Roofing & Solar CEO and president Jim Petersen late last year with a proposal for a strategic purchase.

Whitcomb said: “It seemed like the perfect synergy between the two companies. 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.”

With this new purchase, PetersenDean will become a leading publicly- and privately-held roofing and solar company.

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.”

Gary Liardon, president of the Consumer division of PetersenDean Roofing & Solar, is leading this transition as well as other acquisitions planned this year.