Unirac announced that it has acquired certain assets of SolarHooks, a manufacturer of residential solar roof attachments. With this addition, Unirac now offers a comprehensive product line to the residential market, a large and growing segment of the solar PV industry.
“We’re excited to provide a total solution for solar installers,” said Peter Lorenz, president and CEO of Unirac. “Our customers have been asking us for a complete product line with the quality of Unirac’s engineering and supply chain.” The acquisition also demonstrates Unirac’s strength and its ability to take advantage of market opportunities. “As we celebrate our 20th year, this investment reflects our confidence in the solar industry and our commitment to our customers,” said Lorenz.
Unirac’s acquisition of SolarHooks’ product lines is the result of an extensive market review. “We surveyed the entire market and concluded that SolarHooks has the best technologies and best value for our customers,” said Ernest Gallegos, director of products at Unirac. SolarHooks’ product portfolio includes a variety of attachment and flashing solutions for residential tile and composition shingle roofs. The company also plans to release an improved tile replacement solution. “We’re excited to join Unirac and extend our customer reach,” said Brady Session, co-founder of SolarHooks. “Our success is based on our relentless efforts to make things happen for our customers,” added Chad Robinson, co-founder of SolarHooks. “We found great alignment in Unirac, who shares the same passion for our customers.”
J.P. Bretl, a managing director of Tenex Capital Management, Unirac’s lead investor along with management, remarked, “We look forward to working with Unirac’s leadership team to further enhance its market leadership position in solar panel mounting systems by bringing additional best-in-class solutions to its portfolio.”
News item from Unirac