“We look forward to working with Onyx and believe this transaction increases our ability to provide a broad range of solar and roofing solutions to our customers, as well as supporting Onyx’s portfolio”, said Mark Santacrose, Tecta’s President and CEO
Rosemont, IL (PRWEB) February 29, 2016
Tecta America, the national leader in commercial roofing, announces that it has sold its Tecta Solar division to Onyx Renewable Partners LP, a renewable energy company established by Blackstone Energy Partners. Tecta Solar provides financial analysis, system design, utility interfaces, financing alternatives, system installation, and maintenance of solar facilities. The transaction includes a long term agreement for Onyx and Tecta to work closely together to provide unparalleled solar development and related roofing services to their mutual customers.
Matt Rosenblum, CEO of Onyx, stated, “Tecta America’s dual capability in roofing and solar development brings an exciting opportunity to Onyx and a highly compelling offering to our customers. I am delighted that we can now combine our capabilities and look forward to creating an exciting future together.”
“We look forward to working with Onyx and believe this transaction increases our ability to provide a broad range of solar and roofing solutions to our customers, as well as supporting Onyx’s portfolio”, said Mark Santacrose, Tecta’s President and CEO. “Our Tecta Solar team has done an amazing job of building our solar business and we look forward to this partnership helping to drive continued growth.”
About Tecta America
Tecta America is the nation’s premier commercial roofing contractor with 50+ operations located from coast to coast. Our unyielding commitment to quality, expertise and professionalism is what makes us the industry leader. Installations of all types, repairs, emergency response, sustainability options and more—we offer the responsiveness of a local roofing contractor backed by the resources and stability you need from a national provider of commercial roofing solutions. For more information, visit our website at http://www.tectaamerica.com.
About Onyx Renewable Partners LP
Onyx is a renewable energy development company established by funds managed by Blackstone Energy Partners that is focused on greenfield development in the North American solar and wind sectors. The Onyx team brings over 250 years of collective industry experience and perspective having developed more than 760 MW of renewable projects. As a full service firm with capabilities including development and construction through financing and operations, Onyx Renewables is headquartered in New York City and has an office in Robbinsville, New Jersey. For more information, visit the Onyx website at http://www.onyxrenewables.com.