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AD-IMARK Finalize Merger
BayWa r.e., Sante, Fe, NM, a hybrid solar distributor and renewable energy developer, recently acquired Beacon Solar, the solar distribution division of Beacon, the largest publicly traded roofing distributor in the U.S.
Beacon Solar will be fully integrated into BayWa r.e. Solar Systems, the company’s U.S. solar distribution business. The addition of the Beacon Solar network will increase the number of BayWa r.e. warehouses from six to 16, reducing delivery times in many key U.S. solar markets, and represents a platform for BayWa r.e.’s continued growth. The company’s line card will expand to include Beacon’s key relationships with solar suppliers, and BayWa r.e.’s team will also broaden, enabling higher service levels in many geographies. The company stocks solar panels, inverters, racking and balance-of-system products including connectors, cabling and enclosures. It also sells Generac’s PWRcell energy storage system, automatic transfer switches and backup power products.
In the coming months, Beacon and BayWa r.e. plan to explore further collaboration to increase choices for customers, offering solar and roofing products nationwide. “The Beacon culture has much in common with BayWa r.e.’s — a team orientation, entrepreneurial spirit and focus on customer service excellence,” said Boaz Soifer, regional director solar trade at BayWa r.e., in the release. “The expansion of our footprint and team, new product offerings and the opportunity to cross-sell solar and roofing equipment to our network enhances our ability to deliver clean energy and home improvement solutions to our customers, and further establishes us as a market leader in U.S. solar distribution.”
“BayWa r.e. is one of the most respected brands in the clean energy business. I am confident that they will take what we’ve started at Beacon Solar to the next level,” added Julian Francis, Beacon’s president and chief executive officer. “The BayWa r.e. team is uniquely situated to provide the best service for our solar customers and the best opportunities for Beacon Solar employees.”
Part of the company’s sales approach is to educate customers about solar installations, and its website, www.solar-distribution-us.baywa-re.com, has an extensive resource of training videos, podcasts, executive roundtables and other solar industry information.