Popular on TelAve
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- The ITeam Ranked on Channel Partners 2025 MSP 501—Tech Industry's Most Prestigious List of Managed Service Providers Worldwide
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- TCAA Welcomes Adolfo Gomez Sanchez to Its Family of Talented Speakers
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made
- Honoring Black History, Culture, and Community in Fall River
Similar on TelAve
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
Florida's Largest Solar Company Advanced Green Technologies Acquires MSC Electric
TelAve News/10580678
Acquisition Brings Advanced Green Technologies an In-House Electric Contracting Team To Meet Surging Corporate Demand for Solar Energy in Florida.
FORT LAUDERDALE, Fla. - May 15, 2019 - TelAve -- As corporate demand for solar energy rises, a strategic acquisition brings Advanced Green Technologies (AGT), Florida's largest commercial solar contractor, a veteran in-house electric contracting team to streamline schedules and trim costs.
AGT's parent company, Advanced Roofing Inc., today announced it has acquired Davie, Florida-based electrical contractor MSC Electric Inc.
""Adding MSC's proven talent to our team enables us to be a single, cost-effective source for commercial clients who've committed to meet aggressive renewable energy goals," said Clint Sockman, vice president of both AGT and Advanced Roofing. Terms of the acquisition were not disclosed.
More on TelAve News
Founded in 2001 by Michael Cervone, a Florida Licensed Unlimited Electrical Contractor, MSC Electric is a longtime subcontractor for AGT on major solar energy projects. Cervone will serve as AGT's electrical division manager overseeing all electrical functions, from design through installation, for solar rooftop, solar farm, and solar carport solutions.
"As more Fortune 500 and other high-profile companies commit to being carbon neutral by 2025 or 2030, their need to produce enough renewable energy is pushing demand for commercial solar energy to record levels in Florida," said Sockman. "Once corporations adopt policies to reduce their sizeable carbon footprints, the clock is running. They must consider all alternatives based on their real estate portfolios, and we find rooftop solar arrays and solar carports are always under discussion."
Sockman expects Advanced Roofing's revenues, which topped $95 million in 2018, to continue growing this year, fueled in part by the rise in solar energy demand. "The vision of corporate America is clear. They need to quickly find ways to produce more renewable energy," he said. "Fortunately, the economics of solar energy has never been better."
More on TelAve News
Availability of federal tax credits for 30 percent of commercial solar energy installations' costs until year-end 2019 is boosting corporate clients' sense of urgency, Sockman said. "Our pipeline is seeing significant growth as more companies realize they can access tax credits by spending at least five percent of a project's estimated costs by year-end," he added.
Acquiring MSC Electric is the latest vertical integration step for AGT and Advanced Roofing, a diversified corporation whose additional Florida licenses include Roofing Contractor, General Contractor, Solar Contractor, and Air Conditioning Contractor.
AGT's parent company, Advanced Roofing Inc., today announced it has acquired Davie, Florida-based electrical contractor MSC Electric Inc.
""Adding MSC's proven talent to our team enables us to be a single, cost-effective source for commercial clients who've committed to meet aggressive renewable energy goals," said Clint Sockman, vice president of both AGT and Advanced Roofing. Terms of the acquisition were not disclosed.
More on TelAve News
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
Founded in 2001 by Michael Cervone, a Florida Licensed Unlimited Electrical Contractor, MSC Electric is a longtime subcontractor for AGT on major solar energy projects. Cervone will serve as AGT's electrical division manager overseeing all electrical functions, from design through installation, for solar rooftop, solar farm, and solar carport solutions.
"As more Fortune 500 and other high-profile companies commit to being carbon neutral by 2025 or 2030, their need to produce enough renewable energy is pushing demand for commercial solar energy to record levels in Florida," said Sockman. "Once corporations adopt policies to reduce their sizeable carbon footprints, the clock is running. They must consider all alternatives based on their real estate portfolios, and we find rooftop solar arrays and solar carports are always under discussion."
Sockman expects Advanced Roofing's revenues, which topped $95 million in 2018, to continue growing this year, fueled in part by the rise in solar energy demand. "The vision of corporate America is clear. They need to quickly find ways to produce more renewable energy," he said. "Fortunately, the economics of solar energy has never been better."
More on TelAve News
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
Availability of federal tax credits for 30 percent of commercial solar energy installations' costs until year-end 2019 is boosting corporate clients' sense of urgency, Sockman said. "Our pipeline is seeing significant growth as more companies realize they can access tax credits by spending at least five percent of a project's estimated costs by year-end," he added.
Acquiring MSC Electric is the latest vertical integration step for AGT and Advanced Roofing, a diversified corporation whose additional Florida licenses include Roofing Contractor, General Contractor, Solar Contractor, and Air Conditioning Contractor.
Source: Advanced Green Technologies
Filed Under: Business
0 Comments
Latest on TelAve News
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment