Dutch Racking Firm Goes Shopping In US, Again

Esdec US Acquires Solar Mounting & Racking Hardware Companies IronRidge & Quick Mount PV Allowing Them Independent Status While Supporting New Product Development
05:45 AM (Beijing Time) - 11. September 2019
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With the acquisition of US companies Quick Mount PV and IronRidge, Holland based Esdec says the group now generates revenues of more than $250 million annually. Pictured here are—from left to right—Quick Mount PV CEO Yann Brandt, Esdec CEO Stijn Vos, EcoFasten CCO Bart Leusink and IronRidge CEO Rich Tiu. (Photo Credit: Esdec inc.)

Key Takeaways

  • Netherlands headquartered Esdec has bought stake in two solar mounting and racking hardware companies in the US
  • Quick Mount PV and IronRidge now part of the Esdec family but get to maintain their independence
  • Esdec will support these companies to invest heavily and efficiently in new product development

After acquiring US headquartered rooftop solar mounting company EcoFasten Solar in November 2018, Netherlands based solar panel mounting solutions company Esdec has picked up two more US solar mounting and racking hardware companies. IronRidge and Quick Mount PV are now part of the US operations of Esdec.

Financial terms of the deal were not disclosed but according to Esdec Group it now generates revenues of more than $250 million annually. Esdec US claims a share of over 60% of the residential market after the acquisition of the three companies.

Post the acquisition, both IronRidge and Quick Mount PV will continue to operate as separate entities with their own brand name, product lines, sales channels and executive teams while operating as ‘An Esdec Company’. These brands will also get support from Esdec to invest more heavily and more efficiently in new product development.

“The American solar industry is among the strongest in the world, and solar hardware is a critical tool in that growth. Joining Esdec will help us continue our expansion—providing us the resources of a global company while maintaining our independence,” said Yann Brandt, CEO of Quick Mount PV. Brandt is also the face behind the daily SolarWake Up Blog.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani