SPI - SPI Energy's subsidiary acquires consumer contracts of Petersen-Dean

SolarJuice American, Inc., a wholly owned subsidiary of SPI Energy (SPI) has acquired the consumer contracts of Petersen-Dean, Inc., one of the largest full-service, privately-held roofing and solar companies in the US. "Our acquisition of these consumer contracts could save thousands of US jobs that were in jeopardy following Petersen-Dean's Chapter 11 filing in June 2020. This is also a major win for us as we work to accelerate our penetration in the vast US markets and create better renewable products and services for American residential customers," stated Xiaofeng Peng, Chairman and CEO of SPI Energy.Petersen-Dean was generating $300M-$400M in sales annually with favorable profit margins prior to COVID-19.

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SPI Energy's subsidiary acquires consumer contracts of Petersen-Dean