Esdec Solar Group, a European solar rooftop mounting provider, has acquired two more American solar mounting companies: IronRidge and Quick Mount PV.
Prior to the acquisition, IronRidge and Quick Mount PV will retain their executive teams and staff and continue to operate as separate entities with their respective product lines and sales channels. Both companies will also retain their independent brand names while becoming “An Esdec Company.”
“IronRidge and Quick Mount PV are both well-known and well-respected brands with reputations for innovation, quality and customer service,” said Stijn Vos, CEO of Esdec. “They have played a key role in scaling the U.S. solar industry to where it is today, and our investment adds the capital depth and R&D capabilities needed for them to lead the industry’s next massive phase of growth. We welcome IronRidge and Quick Mount PV to the Esdec family and look forward to working with them.”
The Netherlands-based company Esdec entered the United States solar market in September 2018 with its FlatFix solar mount, and acquired roof mount manufacturer EcoFasten.
“Esdec acquired three different leaders in the U.S. market because we are each raising the bar on product performance and customer experience in unique ways,” said Rich Tiu, CEO of IronRidge, based in Hayward, California. “We now have the opportunity to benefit from each other’s portfolio strengths, as well as Esdec’s, while still remaining focused on our unique innovation paths.”
As United States PV capacity is expected to more than double over the next five years, the balanced portfolio of the Esdec group of companies provides installers and distributors the certainty they need for their supply chain, despite uncertain regulatory and trade environments, a company spokesperson said in a press release
“The American solar industry is among the strongest in the world and solar hardware is a critical tool in that growth. Joining Esdec will help us continue our expansion — providing us the resources of a global company while maintaining our independence,” said Yann Brandt, CEO of Quick Mount PV. “The team at Quick Mount PV is eager to join the strength of Esdec’s innovation capabilities and to take advantage of the opportunities that economies of scale provide. Solar installers will now be able to get their racking and mounting from one family of companies to enable their massive expansion.”
Esdec claims that, combined with Quick Mount PV, IronRidge and Ecofasten‘s operations, the company is the “largest building-related installation systems supplier for solar panels in the American residential and commercial sector,” allegedly representing 60% of the solar mounting market.
Through these acquisitions, the company owns flat roof, pitched roof and ground-mount solar technologies, in addition to Esdec’s FlatFix flat roof mount.
News item from Esdec
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