Solar mounting systems provider Unirac has successfully completed the acquisition of Ecolibrium Solar, a solar racking manufacturer headquartered in Athens, Ohio. The acquisition expands Unirac’s product portfolio, adding Ecolibrium’s commercial flat roof, residential rail-less and metal roof products to its product line.
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 rail-less product line for residential customers. EcoX is a complement to Unirac’s 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 Capital Management, an equity firm, 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.
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