Solar3D, Inc., has commented on its progress regarding the acquisition of MD Energy (MDE), a Southern California solar systems provider known for its reputation of providing elite customer service. The company plans to complete the acquisition in February.
Led by CEO Danny Mitchell, MDE has excelled in large part due to its attention to detail, round-the-clock availability, and overall execution in solar implementation. This emphasis on customer satisfaction results not only in positive reviews, but a referral network that continues to grow and generate additional revenue.
"We are thrilled with the dedication to detail provided by the MD Energy team in terms of both product craftsmanship and customer service," said Jim Nelson, CEO of Solar3D. "As we progress towards completing the acquisition of the MDE, which we believe will finalize in February, we continue to discover countless positive indicators during our due diligence process. The online reviews posted by MD Energy customers, and overall respect from those within the solar industry, makes this purchase another prime example of why we believe that the growth-by-acquisition strategy of smart, successful companies will only enhance the Solar3D brand."
Solar3D seeks to continue identifying solar companies that meet its strict criteria for acquisition, such as possessing a strong management team, commitment to customer satisfaction, and revenue growth. This expansion model is largely supported by widespread belief that the solar industry, especially in California, will carry the explosive growth experienced in 2014 into 2015. In fact, a recent whitepaper published by analytics firm IHS presents data indicating a 25% increase in global demand for solar PV in 2015. The same whitepaper also states, "California in 2015 will become global leader in solar power penetration."
Solar3D seeks to capitalize on this demand by further establishing its ‘Solar 2.0' model of offering commercial and residential solar solutions that benefit the customer first with an emphasis on cost-efficiency and flexibility.
