Key Highlights:

•    Commercial Solar Developer/EPC Company: Offers end-to-end solutions, including a unique Power Purchase Agreements (PPA) program and an in-house Operations & Maintenance
division. Customers don’t do anything – they just start getting lower power bills. The company takes care of design, procurement, installation and even maintenance after installation for the life of the PPA contract.

•    Varied Client Base: Over 300 diverse clients in 10 years, ranging from businesses to multifamily residences. 90% is C&I, many of them large and stable with multiple facilities

•    Stellar Business Growth: Achieved significant revenue increase in 2022, backed by a strong contract revenue backlog and significant revenues from PPA’s. This impressive growth was the result of 3 years of careful planning and expanding the company’s resources to achieve a sustainable higher level of revenues and profits.

•    Positive Industry Outlook: Benefits from decreasing Solar PV costs, strong policy support, tax incentives and growing investments.

•    Untapped Market: The US commercial solar segment offers significant growth potential, with the company well-positioned to capitalize because of its reputation for completing projects on time, on budget, and maintaining the performance of the system long-term. According to SEIA, the US Solar Industry is growing at a record pace, assuring a buyer of this business greatly increased demand for several years.

•    Smooth Transition: The seller is open to leading the company during the changeover, ensuring continuity. The seller may be willing to stay on longer.

Financials

Years                                          2022                     2023                  2024 (proj)
Revenue                                  $    28,195,781    $    22,000,000     $    34,000,000
Cost of Sales                           $    18,242,225    $    15,400,000     $    23,800,000
Net Income After Taxes          $    5,707,086      $    3,604,093       $    6,349,773
Adj. EBITDA                          $    8,247,687      $    4,800,000       $    8,130,000
Adj. EBITDA Margin                    29.30%                 21.80%              23.90%

Contact Kris Moe at Kris@horizonmaa.com to sign an NDA for more information.