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Singlepoint Inc. Announces Acquisition Of Premium Solar Epc The Boston Solar Company, Llc With Projected $25 Million In 2022 Revenue

Apr 26, 2022•over 3 years ago

Acquiring Company

SinglePoint Inc.

Acquired Company

The Boston Solar Company

PhoenixNatural ResourcesSustainabilityEnergyNatural ResourcesEnergySustainabilitySoftware

Description

SinglePoint, Inc. (OTCQB:SING) ("SinglePoint'' or "the Company''), a renewable energy and sustainable solutions provider, is pleased to announce the closing of The Boston Solar Company, LLC ("Boston Solar") acquisition. Boston Solar is a leading solar installer based in Massachusetts, booking $17.7m in revenue for FY2021. It is estimating revenues of at least $25m in 2022, with more than $16m already contracted and in the installation pipeline. Boston Solar is the first of multiple acquisitions the company intends to close this year. Closing this acquisition starts the timeline for SinglePoint to start its up-listing application process to achieve the goal of a NASDAQ listing in 2022.

Company Information

Company

SinglePoint Inc.

Location

2999 North 44th St, Suite 530

Phoenix, Arizona, United States

About

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on social media for the latest updates.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed