California, United States [RenewableEnergyWorld.com] Petersen-Dean Inc. announced the acquisition of OCR Solar & Roofing. As part of the acquisition, Petersen-Dean also said that it will form a new subsidiary company, PD Solar Inc., providing specialized turn-key solar solutions for both residential and commercial applications.
Senior leadership at OCR will help run Petersen-Dean roofing projects in Northern California and be part of the development process for PD Solar. OCR employees will immediately integrate with Petersen-Dean to continue providing service and workmanship throughout Northern California.
“We are very pleased to join Petersen-Dean, Inc.” said Dieter Folk, CEO of OCR. “This is an opportunity for us to extend the roofing knowledge and skills we have developed as a company over the past 35 years, while helping to drive solar roofing solutions across the nation.”
Headquartered in Newark, California, Petersen-Dean operations include 20 field offices located throughout California, Arizona, Nevada, Texas and Florida. Based in Vacaville, California, OCR brings the greatest reach for solar and roofing in Northern California, with particular expertise in new home construction.
This is another step toward increased consolidation across the solar industry. In the last six months Starwood Energy Group Global LLC announced that one of its investment affiliates acquired a majority interest in Nautilus Solar Energy LLC and Riverside Partners announced the acquisition and merger of Solar Works Inc. and SolarWrights Inc. into one of the largest solar energy integrators in the Northeast.