PetersenDean Roofing & Solar, the nation’s largest privately held solar and roofing company, has just acquired Hawaii-based Haleakala Solar. Founded in 1977, Haleakala Solar is Hawaii’s largest solar and battery installer.
Haleakala Solar has been installing photovoltaic (PV) solar and water heating systems as well as battery storage solutions for more than 40 years and has completed more than 15,000 projects. There are plans to add roofing installations in the first quarter of the transition. The company operates on three of the Hawaiian Islands and plans to expand into a fourth in 2018. The newly acquired company is poised to add approximately 1,000 new jobs and grow to approximately $100 million in sales over the next 24 months.
Jim Whitcomb, founder of Haleakala Solar, approached Jim Petersen, CEO and President of PetersenDean Roofing & Solar, late last year for a strategic purchase. “It seemed like the perfect synergy between the two companies,” stated Whitcomb. “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.”
This new acquisition now positions PetersenDean as the nation’s largest publicly- and privately-held roofing and solar company. “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,” said Petersen. “We look forward to growing our business in Hawaii and adding more American jobs in doing so.”
Gary Liardon, the President of the Consumer Division of PetersenDean Roofing & Solar, is heading up this transition as well as the additional acquisitions planned across the United States in 2018. “We are excited to add Mr. Whitcomb and the Haleakala team to the ranks. Mr. Whitcomb will stay on and take an active role in the sales development segment of the company in Hawaii as we add new verticals to the market and expand to the remaining islands.”