Kokosing, Inc., one of the largest family-owned construction companies in the country, announces today that its subsidiary Kokosing Industrial, Inc. has entered into a definitive agreement to purchase the assets of Athens, Ohio-based Third Sun Solar LLC. The business will be operated as Third Sun Kokosing Solar, building on the reputation and expertise of Third Sun Solar, while leveraging the tremendous engineering, project management, and craft-labor expertise of Kokosing’s ~3,500 team members.
Highlights of this transaction:
- Creation of a full-service solar installation leader to service the rapidly increasing demand of the region’s residential, commercial, and utility scale markets.
- Provides Kokosing customers a path to go solar with a trusted partner.
- Kokosing provides an enhanced career path, best-in-class training, and a leading compensation package, allowing the Third Sun Kokosing Solar team to deliver safe, high-quality solar installed by well-trained professionals.
- Leverages Kokosing’s existing infrastructure across Ohio, Indiana, Michigan, Pennsylvania, West Virginia, Virginia, Washington D.C., and Maryland allowing Third Sun Kokosing Solar to better serve customers across a large geographical footprint.
Brady Phillips, a 22-year Kokosing team member who will lead the new division, is excited about joining forces with the experienced team of Third Sun Solar: “This acquisition moves us forward in our journey to bring high –quality solar installations to an even bigger market across the Midwest and Mid-Atlantic with improved experiences for our team and for our customers alike.”
“We started our solar business with the mission To Accelerate the Shift to Clean Energy,” recalls Geoff Greenfield, co-founder of Third Sun Solar. “As demand for solar skyrockets it has become clear that now is the time to scale our company to take on the climate challenge head on. With the strength and resources of Kokosing behind us we can scale our impact much faster than continuing on our own. Speed and size are critical as we race to transition every aspect of our energy system to clean sustainable technologies. We are focused not just on solar but on energy storage, EV infrastructure, efficiency and electrification as well.” Greenfield will stay with the organization, taking the position of Director of Solar Strategy. No changes to Third Sun Solar’s historic team, offices, or services are planned other than the centralization of accounting and general administrative services to Kokosing’s Corporate HQ.
Kokosing President and co-CEO Brett Burgett says that entering this growing sector is an exciting new chapter for his family’s 71-year-old construction company: “Kokosing has a long history of diversification, and after watching solar move from the early adopters to the mainstream, now is the right time to add it to the services our company offers. We have a proven track record building conventional energy generation projects and building clean energy projects is a natural progression for us.”
Original source can be found here
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