Puerto Rico-based photo voltaic installer Integrated Solar Operations (ISO Solar) has been acquired by non-public fairness agency RM Capital Companions.
Based in 2013 with a mission to ship dependable and sustainable vitality options, ISO Photo voltaic presents photo voltaic engineering, design, set up, restore, and upkeep providers within the residential and business markets and has served greater than 6,000 prospects. The corporate has earned nationwide recognition for its operational excellence and customer support, and has been featured on SPW’s Top Solar Contractors List.
“We particularly selected to accomplice with RMC attributable to its invaluable experience spanning photo voltaic, challenge finance, and renewable vitality, whereas additionally understanding the significance of our workers and staff tradition as driving forces of ISO Photo voltaic’s success,” mentioned Ralph Diaz, ISO Photo voltaic founder. “We’re assured photo voltaic will energy Puerto Rico’s future, and RMC will assist us obtain our purpose of offering entry to scrub, dependable, and reasonably priced vitality to all Puerto Ricans.”
RMC’s multi-faceted development technique will allow ISO Photo voltaic to capitalize on the rising want for vitality resiliency, vitality safety and decrease vitality payments in comparison with the established order – reliance on an unstable and under-maintained centralized electrical grid. Regardless of billions in federal funding allotted to rebuilding and strengthening Puerto Rico’s vitality infrastructure, which was decimated by Hurricane Maria in 2017, each the frequency of energy outages and value of electrical energy have continued to rise. In consequence, many residents are actively looking for options, and ISO Photo voltaic is strategically positioned to satisfy this demand via technological innovation, product line growth, and operational excellence.
“Ralph and his staff have constructed a really best-in-class enterprise,” mentioned Ruslan Matveyev, Managing Companion of RM Capital Companions. “We’re excited to increase on ISO Photo voltaic’s large accomplishments by leveraging the Firm’s popularity, relationships, and capabilities, whereas additional investing in folks, merchandise, providers, and infrastructure to seize an outsized share of the surging demand for various vitality options in Puerto Rico. We’re proud to accomplice with ISO Photo voltaic and look ahead to supporting the following chapter of its development and worth creation.”
As RMC and ISO Photo voltaic embark on this new chapter, Diaz will keep on as a board member and guarantee a easy transition in govt management to the corporate’s new CEO, Francisco González Ohárriz, who brings greater than a decade of photo voltaic, enterprise improvement, and govt management expertise to the staff, and he’ll play an integral position in executing the corporate’s worth creation plan.
Information merchandise from ISO Photo voltaic
Trending Merchandise
