ATWT - Major Acquisition Will Add Over $6 Million in Revenue to this Company

2024-06-20 12:09:06 ET

A new name, an expanded market presence, enhanced innovation, operational synergies and strengthened financials are highlights of this acquisition announced today. %ATWECTechnologies Inc. (OTC: ) announced in a press release that it has acquired The Birch Co, a leading Commercial and Residential Construction innovator in the central U.S. and news is sending shares higher.

Newly appointed CEO Josh Ploch said this, “We will be changing the company name to The Birch Co, divesting non-accretive assets, growing the core commercial and residential construction business, expanding operations, making new accretive acquisitions, and preparing for an audit and up-list. This strategic move aligns with our vision of becoming a leader in the Residential New Construction and "Build to Rent" space, and we are now well positioned for long-term success"

The Birch Co is a leading innovator in the construction industry, dedicated to delivering high-quality, affordable homes, high-end custom homes, and commercial construction projects to its customers. Shares of ATWEC were trading higher in heavy trading activity.